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Tax planning- salary

Tax queries 411 views 2 replies

Kindly consider the salary details below and re-arrange the current salary for maximum tax benefit....

Salary April-June 2015
Basic   15600 P/M
HRA   6240 P/M
CONV. ALLOWANCE  800 P/M
OTHER ALLOWANCE  3360 P/M
 
CURRENT SALARY (July to March 2016)
 
Basic   24000 P/M
HRA   9600 P/M
CONV. ALLOWANCE  800 P/M
MEDICAL ALLOWANCE 1500 P/M
OTHER ALLOWANCE  4100 P/M

 

Replies (2)

For the purpose to know how much you invest to save from tax, you need to answer following qus --

1. Are you a senior citizen (Age 60 years or more as on 31st Mar'2016)

2. House Rent paid,if any by you per month.

Also what all investments you already do like lic policy etc?


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