Salary

Tax planning 519 views 1 replies

 

hi fridends,


my salary is

basic -27000
Hra - 10160
uniform allowance - 2500
transportation -2500
medical exp (reimburs) --2500
food allow --2500
tele --1600
jornal--- 1000
lta ---440
others - 340


Total salary is 52500

joined in the job from 15 th oct2010

how much tax amount is deducted and

what savings to be made to avoid tax deductions

suggest in which savings to be made ( eg lic , pf ...etc )


reply soon

i have to submit to the hr


Thanks in advance
Replies (1)

employer must already be deducting PF from your salary. You ought to invest amount upto Rs.100,000/- to claim deduction U/s 80C. There are various options under this section apart from LIC and PF


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