Tax planing

There is deduction under chapter VI A of income tax act.

1. Section 80C : You can invest upto Rs 150000 in LIC, fixed deposit lock in 5 years period, etc, 2. You can take benefit of mediclaim upto Rs 15000 + Rs 20000 in case of your parents if they are senior citizen i.e. age above  60 years or in other case Rs 15000

please let me know the source of income so that i can suggest you more.

Thank you.

Regards,

CA Sayli Jain

sayli12345 @ gmail.com

Originally posted by : CA Sayli Jain
	There is deduction under chapter VI A of income tax act. 1. Section 80C : You can invest upto Rs 150000 in LIC, fixed deposit lock in 5 years period, etc, 2. You can take benefit of mediclaim upto Rs 15000 + Rs 20000 in case of your parents if they are senior citizen i.e. age above  60 years or in other case Rs 15000 please let me know the source of income so that i can suggest you more.   Thank you. Regards, CA Sayli Jain sayli12345 @ gmail.com

Amt received agst salary .

If salaried, then more details like basic, hra, allowances, etc may be available to be able to give accurate plan.