Tax planning
This query is : Resolved
Jagadeesh John
(Querist)
06 June 2018
My Gross Total Income (Only from Salary ) is Rs.5808330
Basic salary - 2796552
HRA - 1398276
Conveyance allowance - 19200
Leave Travel Allowance - 279660
Medical - 15000
Education Allowance - 2400
Other Tax. Allowance - 361812
Periodicals and Journals - 60000
Car allowance - 769404
incentive - 143000
Interest Free Loan (Perquisite) - 5526
Total Gross Salary = 5850830
-----------------------------No Other income ----------------------------------------
Can Any one suggest for Tax Planning.
Basic salary - 2796552
HRA - 1398276
Conveyance allowance - 19200
Leave Travel Allowance - 279660
Medical - 15000
Education Allowance - 2400
Other Tax. Allowance - 361812
Periodicals and Journals - 60000
Car allowance - 769404
incentive - 143000
Interest Free Loan (Perquisite) - 5526
Total Gross Salary = 5850830
-----------------------------No Other income ----------------------------------------
Can Any one suggest for Tax Planning.
KAVIRAJA ADDANGADI
(Expert)
06 June 2018
80c you can claim upto Rs.150000/- including TA, MA, School Fees, PF etc. If any short you can cover for difference to get full benefits.
80CCD You can claim 50000/- NPS
80D medic Liam for Parents and self .
If you have housing loan claim upto 200000/- interest or actual paid which ever is less.
80CCD You can claim 50000/- NPS
80D medic Liam for Parents and self .
If you have housing loan claim upto 200000/- interest or actual paid which ever is less.
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Jagadeesh John
(Querist)
07 June 2018
Thank u brother . A part from these we claim donations u/s 80 G
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