Save income tax

my salary is 15,00,000/- where and how can i save tax?

Replies (3)

YOU CAN SHOW UR INVESTMENT EG:- LIC ,MUTUAL FUNDS..ETC

u/s sec 80C of the IT act you can get an maximum deduction of 1lacs.  For this you can invest in PPF, LIC, MF's,Tution Fees, principal amount on Home Loan taken.

u/s 80d, you can tax benefit of Rs, 15k & in case of senior citizens upto 20k

u/s 80e if you have tkaen out any education loan on yourself or your relative & then interest paid on hte loan is fully deductible.

In case of home laon takne, the interest upto Rs. 1.5lacs is deductible from the Gross Total Income.

u/s 80CCF you can invest max 20k in infrastructure bons issues by IFCI, LIC etc...

if you have made any donations to any trust then deduction u/s 80G can be availed..

There is an expemtion towards medical reimbursement upto Rs.15k & travelling allowance upto Rs. 9600.

80C-Lic,PPF,ELSS,Contribution to Recognised PRovident Fund.

80D-Mediclaim upto Rs 15000

80CCF-Infrastructure Bonds

80G-Donation

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