How to plan for tax saving when yearly income in inr7,50,000

Tax planning 227 views 3 replies

Hi ,

I am a taxpayer and not sure apart from tax saving under section 80 C under which INR 1,50,000 can be saved from th eyearly income. Can i have a other options also to save above this amount. How to do planning and which other options will help for better understanding and tax paying.

Hoping someone will help me out with it, in case other information is required please let me know.

 

Replies (3)
If you have health insurance, Maximum 25000 of premium amount will be allowed as deduction and if you taken health insurance on your parents maximum 30000 will be allowed as deduction (But remember deduction will not be allowed if you are paying premium through cash)
If u hv home loan.. Then interest on home loan is allowed
Thanks Saketh & Divakar .... I was also reading about NPS which can give additional benefits of 50000₹ . But I reckon we cannot withdraw before 60years . Being a private job I guess I should avoid this section . Please suggest


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