banner_ad

My salary income for fy 2019-20 how to save tax

Tax planning 305 views 2 replies

Dear Experts,

I am having Salary Income Rs.8,00,000/- for FY 2019-20. Please suggest for savings.

Regards,

Surendra

Replies (2)

take deduction based on your investments

1. I am assuming the salary that you have mentioned is gross salary (after standard deductions and other sec 10 exemptions). 
2. Now deductions under Chapter VI - A is available to be reduced from gross salary to arrive at net salary. However, investments should have been made before 31st March 2019 in order to claim such deductions. For further reference please refer official Income tax site for know about more deductions. 
Please correct me if the above solution has an alternative view. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details