Tax saving method 17-18
This query is : Resolved
02 February 2018
One of my friend total salary 17-18 Rs 3,00,000 .
standard deduction Rs 2,50,000
Balance Taxable income Rs 50,000
Please advise best method of Tax saving scheme
standard deduction Rs 2,50,000
Balance Taxable income Rs 50,000
Please advise best method of Tax saving scheme
02 February 2018
Please provide the breakup of his salary. Because out of his monthly salary some amount might have been deducted for PF, HRA purpose. He will get the deduction of the same. Shortfall can be invested either in PPF, Insurance policy etc.
Message likes :
1 times
02 February 2018
Dear sir
Get salary in fixed basis (lum sum). not break up is provided .
Get salary in fixed basis (lum sum). not break up is provided .
02 February 2018
In that case, you need to invest Rs. 50000 in any of the tax saving modes which are eligible for deduction under Section 80C. Alternately, you can also ask your employer to issue you the salary certificate which detailed bifurcation
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- TDS on Fixed Assets purchased
- Under marginal scheme
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Import of Software Service.
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
