Tax saving...help plzzzz.........

is there any turion fee paid to childeren

if there it is exempt under 80c

it is recommended to plan properly at the begigng so as to reduce tax liability

First compute his total income.  Check 26AS how much TDS has been deducted and deposited from his salary. Check for any EPF deductions from the salary.  

You can invest in PPF. You can purchase NSC. Limit is Rs. 100,000/-

Mostly his 80C limit would have been exhausted. There is no other option to reduce his tax. 

1. Better he can invest in 5 years FD tax savings scheme for  80C (upto Max. limit 1 lac)

2. Apart from 80C, he can take a individual health insurance policy  or dependant  health insurance policy for 80D ( upto max limit  Rs.15,000)

3.Another option is to provide donation to any  recognized institutions for 80G

Adding to the point made by Mr Nathan, One thing for sure you can do is even if you have not taken any medical insurance policy, your cash expenses upto Rs 5000 during the year on preventive health checkup will be allowed as deduction under section 80D within the overall limit as specified above. So keep your medical bills for record purpose. 

You tax saving in the given condition would be 5000*30% = 1500.

Being in a PSU, Medical Insurance does not make sense, unless one is planning to change companies in near future. 

All medical costs are borne by the company. 

I think he still can save tax by investing in NSC or taking a LIC policy

Apart from it he can try and change his salary structure including in it HRA and show himself as someone living on rent in his parents house atleast for next year so that atleast he can save tax next year.

thanx guys...for all ur help....

hi 

I want Ask how to make Planing in BPO