Tax Saving

629 views 5 replies

I AM RECEIVING Rs. 400000/- P.A. AND U/S 80C I AM CLAIMING Rs. 100000/- AND MINIMUM SLAB OF Rs. 160000/-.



I ALSO WANT TO SAVE MY REST Rs. 14000/- TAX.



HOW CAN I CLAIM ANY MORE DEDUCTION? IS THERE ANY OTHER SECTION IN WHICH I CAN HAVE MORE TAX SAVING.



I DONT WANT ANY DEDUCTION U/S 80G FOR DONATION.

Replies (5)

You can invest Rs.20,000/- u/s 80CCF.

why u dont want to pay any tax

u should pay some tax

i don't advise u to invest Rs. 20,000/- u/s 80CCF as it will save ur tax liability of Rs. 2,060/- other point is  interest receivable on such investment will be very less and u hve to stay in this investment for a minimum period of 3 years.

But u can take the mediclaim policy u/s 80D of Rs. 15,000/- for urself , spouse and children plus u can also take the policy for ur parents for which u will get an extra deduction of Rs. 20,000/-.

I suggest u to pay the tax after such deductions.

you can invest in Rs. 20000/- in Infrastucture Bond & Rs. 15000/- in Mediclaim Policy (80D)

Mr. Mayur he will get only additional 15,000 for parents. in case any of the parent is senior citizen then only limit is 20,000.

You are right Anand Sir he will get Rs. 15,000 for parents if they are below the age of 65 years.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details