Saving Tax from Interest earned in NRO Account

1) You can avail tax deduction under 80C up to 1.5 lakhs.

2) If you have property income you can claim 30% deduction.

3) If you buy a home loan. You can avail tax exemption up to 2.50 lakhs. * Condition apply.

4) being a joint account, you spouse or family member has tax liability too. Please check your Form 16A. So, your liability split into two part.

5) you have not mentioned your age. Please plan retirement benefit with good maturity returns. The maturity amount is non taxable.

6) Invest in PPF is 100% safe, NPS is also good investment but it is depending market. It is good for long time investment.

Thanks for the reply. Age - 45yrs

1. tax deduction under 80C  - Is this going to reduce TDS or its claimed when tax return is filed ?

5. plan retirement benefit with good maturity returns - Can you please share an example.

thank you in advance.

Regards

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