Tax planning - salary tips!!

Tax planning 1480 views 3 replies

C.A. abhishek

ManagementConsultant@KPMG

521 Points Joined February 2010

Dear CCItes',

Anyone here who have some tips for tax planning for salaried class individuals. What are various tax planning alternatives available in case you have utilised 80C 80D and 80E sections limit??

Rajiv Gandhi National Equity Scheme benefit also can't be availed and 80CCF section benefit has also been withdrawn from the last financial year.

Anyone who can share some tips for tax planning request you to please post your suggestions.

TIA.

P.S. Though I am a CA myself but I still think that there can be a lot of things that you get to learn from others at every stage of your life. :)

Replies (3)

Home Loan Interest is also available as deduction under head "house property"., even if there is no income under such head.

CA.Vinita Gupta

Deputy Manager- Finance

2923 Points Joined March 2010

HRA exemption, Transport Allowance, Children Education Allowance, and Definitely Interest deduction in case of Home Loan, LTC if the Company provides in a Block of 2 years

Jay Bhanushali

ipcc student

45 Points Joined February 2017

Take exemption of following list
1. political donation
2. donation to trust registered u/s 12a
3. HRA
4. home loan
5. deduction of NPS under 80ccd(1b) additional 50000 (not cover in 150000 Cap)
6. Home loan interest in House property and principle in 80c
7.