NTI ₹589000 kindly suggest me how to save tax for FY 2019-20/AY2020-21 ?
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FY 2019-20 Net taxable income Rs. 589000 ( 80C ; 150000 availed ) SUGGEST HOW TO SAVE TAX
Replies (6)
No tax liability after claiming rebate u/s. 87A.
Assuming gross income before 80C deduction as Rs. 5.89 Lakhs
if you are a salaried person you will get 50000 as standard deduction, deduction of Rs. 50,000 if you invested this amount in NPS, medical insurance policies related to your personal and also for your parents also help you to save tax
Otherwise (12500+1760) + 4% cess
Budget is not specifically said anything about Section 87 A
RS. 12,500 is only tax saved portion from exempted income limit Rs. 5,00,000 ( No change in section 87 A from the latest budget)
Thanks a lot to all
for your suggestions
for your suggestions
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