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HOW TO PAY LOW INCOME TAX
My salary is above 10 lakhs how to file my return to pay low tax AY 19-20
Replies (2)
you can minimise your tax liability by ensuring following points:-
1. you have taken all exemptions like HRA, LTA, PDA etc.
2. Claim deduction u/s 80C upto 1.5 Lac and additional 50K under NPS.
3. Claim medical insurance deduction, if any.
4. Plan for 80 G Deduction.
5. House Loan Interest, If any.
these are major points, rest depends on your nature of income, how to plan to minimise tax as per law.
1. you have taken all exemptions like HRA, LTA, PDA etc.
2. Claim deduction u/s 80C upto 1.5 Lac and additional 50K under NPS.
3. Claim medical insurance deduction, if any.
4. Plan for 80 G Deduction.
5. House Loan Interest, If any.
these are major points, rest depends on your nature of income, how to plan to minimise tax as per law.
Thank you sir
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