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tax planning

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(Querist)
15 December 2008 dear sir,


my query is regarding tax planning for salaried employees.

using various deduction under chapter VI and using other benefits tax deduction under various section of Income Tax Act like interest on housing loan etc. what level of salary can be made tax free or to say upto what level of pure salary can be escaped from tax.

If possible please quote various sections
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Ravikumar.G

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Ravikumar.G (Expert)
16 December 2008 Some specific allowances which are exempted from tax except that nothing is available to reduce the tax burden.
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O.D.SHARMA

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O.D.SHARMA (Expert)
16 December 2008 Except 80 C & 80 D only housing loan is additional.Some reiumbersements are covered in FBT u can decide but again depends on salary structure.
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