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TDS 310 views 2 replies

Hello everyone ...

I want to save my tds as deducted on my salary income. can u suggest some investments that I could do in order to save my tax?

The breakup of my salary is as follows:

BASIC 6600.00 
H.R.A 2640.00

COLA 6600.00

CONVEYANCE 800.00
SPL TRANSPORT ALLOW 6000.00
MEDICAL 1250.00
MONTHLY VARIABLE 26547.00
OTHER EARNINGS 1139.00
SMA 24938.00  

Deductions are as follows:

PROV. FUND 792.00

P.TAX 200.00
TDS 12806.00
 

Replies (2)
First check whether rebate u/s 87A has effected in that computation. If ur total income comes less than 5lakhs then ur tax liability reduced to the extent of ₹2000.
Then to save remaining tds of ₹10806, u can keep fixed deposit in ur name. Holding period is 5years. See section 80C of income tax act ,1961. There is a list of investment under this section. Also u can through section 80D. See these two sections in google. Finally see how much u can invest to save this much of amount of tds.


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