Tax planning
This query is : Resolved
29 July 2016
If a person earning salary income about 10 lac p.a. after claiming all deductions what are the ways to save maximum taxes. (open HUF/ take a home loan/ open private trust.......?)
29 July 2016
In case of salaried person, Tax saving resorts are limited to
(i) Allowances partly or fully exempted;- here presence of HRA, Conveyance allowance, etc can reduce ur taxable salary
(ii) investing Total Rs 150,000 to avail full 80C and also other investments or deuctions under VIA
(iii) Availing home loans
(iv) Donations under 80G(U should understand that what u need is a certificate. What u need is to search for Eligible organisation who can give u this certificate in return of consideration/donation.)
(i) Allowances partly or fully exempted;- here presence of HRA, Conveyance allowance, etc can reduce ur taxable salary
(ii) investing Total Rs 150,000 to avail full 80C and also other investments or deuctions under VIA
(iii) Availing home loans
(iv) Donations under 80G(U should understand that what u need is a certificate. What u need is to search for Eligible organisation who can give u this certificate in return of consideration/donation.)
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