Other way to save tax

Tax planning 1166 views 6 replies

Hi ,

Apart from Sec-80C , Housing Loan Interest , HRA , Infrastructure Bond , What are the Other way to Save Tax for a Salaried Person

 

Br// Rashmi

Replies (6)

Section 80D,

Sir,

You can also exemptions from Sec 80D (Mediclaim), Conveyance and other exempted allowances such as Children Education Allowance, Medical bills reimbursements, leave travel exemption.

 

Also, you can get deduction for donations made and amount paid as loan for higher education of child.

This is an exhaustive list and there is no scope for salaried individuals to save tax.

Regards

Prateej

Sec 80D Mediclaim Insurance

Sec 80E Interest on heigher education loan on her name only

Sec 80G donation in 80G eligible institution

Sec 80GG house rent paid( but if u get HRA than not eligible under this Section )

 

its an exhastive list.... pls refer to chapter VI-A...

Investment PPF is also a good way to save tax.

u can also save tax through 80dd &80ddb, some equity share,invt. in mutual fund etc.


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