Tax planning

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Jagadeesh John (Querist)
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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.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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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.

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Jagadeesh John

Jagadeesh John (Querist)
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07 June 2018 Thank u brother . A part from these we claim donations u/s 80 G