Save tax on salary income

Ya I saw ur calculation....now....considered cess too and hence the difference...

these are general solutions/suggestions

which other friends have given or i can give.......u need customized answer than detail should be there

PLEASE HELP ME
BREAKUP OF MY SALARY IS
BASIC SALARY IS 15000

HRA IS 7500

LTC IS 450

MEDICAL ALLOW. 1250

Transportation-800

ALL OF ABOVE IS PERMONTH
PLEASE TELL ME WHAT WILL BE THE ANNUAL TAX FOR ME AND IF HOW CAN I MINIMISE IT

THANKS IN ADVANCE

Income Tax for FY 2011-12 is as follow:

I have assumed that you are not paying rent and doesnt have any 80C, 80D, 80E, 80G deductions as well as no Home Loan.

Tax on Income is: 9540/-

Cess : 286

Total Tax : 9826/-

To save tax you can show rent receipt as per need and do investment like {80 C } - LIC, Mutual Fund (ELSS), Fixed Deposit (5 Yrs) and { 80 D } - Mediclaim for you as well as for your parents.

If you will show Rent receipts @ 7500/- per month then the same will be resuce by Rs. 7415/- and after that you just have to invest Rs. 23000/- approx.

I hope you will get my point.

Thanx

Harpreet

Harpreet is correct if u show your rent receipts and invest in u/s 80C then u save ur tax as much as possible.

Thanks Mr. Harpreet 

Women as Air hostess 
Basic Salary- 4200 pm 
HRA- 2000 pm 
Flying Allowance- 10000 pm 
Modeling Allowance-5000pm 
effeciency Allowances-2000pm 
what will be her tax and how can she save maximum tax 
conditions applied are till now no 80G,C,D,E and no home loan

thanks in advance

you can save your taxes by investing in infra bonds too

visit the following link to know more : https://www.moneynmore.co.in/blog/?p=85

you can save your taxes by investing in infra bonds too

visit the following link to know more : https://www.moneynmore.co.in/blog/?p=85

How can i save my tax. I have a salary package of 7.25 lakhs / annum

Break Up are

Basic 27069

HRA 27069

Conveyance 800

Retention Monthly 4230

Professional Tax 200

And about my investment

LIC 6500

PPF 50000

Medical 12000

House Rent 60000

but even after doing this much of investment, i got the tax deduction of 54000 this year

Plz help me out so that i can save more ...