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Self Employed income over 60Lakhs

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M Agarwal

Consultant

228 Points Posted on 22 February 2021

Hi,

A self employed service exporter has income of over 60Laks in USD.

Does not take credit scrips.

2L home loan interest,

1.5L in 80C

50k in medicare

50k NPS

Claims depreciation on furniture and computers/phones.

That is all. Anything else that can be done?

Thanks

Replies (2)

Quick Summary

This discussion focuses on tax optimisation for a self-employed service exporter with an income exceeding 60 Lakhs USD. The individual is exploring further deductions beyond home loan interest, 80C investments, Medicare, NPS, and depreciation on assets. The aim is to identify any other eligible claims or strategies to reduce their tax liability.