HELLO VERY GUD AFTERNOON.
I AM DIXIT KUNDALIYA A STUDENT AND I WANT TO KNOW HOW COULD WE SAVE TAX THROUGH
TAX SAVING CUM INVESTMENT SCHEME FOR A.Y. 2011-12
PLS GUIDE ME AND SUGGEST ME WICH ONE OF THEM IS BETTER TO PICK.
2) HOW MUCH CAN AN INDIVIDUAL SAVE HIS TAX ?
One individual whose total income 4,85,000/- and living in his own flat/house with borrowed funds does have to pay tax for the Assessment Year 2012-13:
Business/salary Income 485000/-
Less: Interest on funds borrowed
for aquiring the property 150000/-
= 335000/-
Less: Deduction u/s 80C 100000/-
Less: Deduction u/s 80CCF 20000/-
Less: Deduction u/s 80D
for medical insurance of self, spouce or
dependent children 15000/-
& for medical insurance in respect
of parents above 65 yrs. 20000/-
= 155000/-
Total income = 180000/-
Tax payable NIL
A person gets deduction of Rs.20,000/- u/s 80CCF by investing in Infra bonds from AY 2011-12 onwards.
With proper tax planning you can reduce your tax liability; save more; invest better and become wealthier.
https://holisticinvestment.in/plan-your-taxes
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
www.holisticinvestment.in
There are many investment plans which can offer you tax saving benefits. One of them is Birla Sun Life Insurance tax saving plan which you can save up to 100000rs. Also, provides comprehensive financial protection against unforeseen events for your family
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