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

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23 Points Posted on 08 December 2017

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.

 

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On 08 December 2017 at 22:55 Report
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student
107 Points Posted on 08 December 2017
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)
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On 08 December 2017 at 23:37
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Student CA Final
6489 Points Posted on 09 December 2017
If u hv home loan.. Then interest on home loan is allowed
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On 09 December 2017 at 00:02
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23 Points Posted on 09 December 2017
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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On 09 December 2017 at 00:19

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