Dear Experts
My HR department calculated Net Tax to paid in Yr 2013-14 Rs.1,13015/-. This it net after my rent & PF. Right now I only had Rs.1000/- per month in Reliance Equity Opportunity since Oct'12. Pls guide me how much I have invest or save, to save my tax. and various tools where can i invest and save my tax.
rgds
you can claim deduction u/s 80C upto Rs 1lacs from your taxable income. In this you can claim the following:
PPF upto 1lacs, Principal paid on home laon upto Rs 1lacs, premium paid on Life Insurace Policy for self/spouse/children, PF deducted by employer from salary
Deduction u.s 80D upto Rs 15000 for medical insurance premium paid for self/spouse/children.
Deduction u/s 80G upto 10% of the Gross total income.
Interest paid on home laon upto Rs 1.50lacs from Gross Total Income.
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