if total income is around 13-16L , then what are the investment options to save tax other than the below:
80C - 1.5L + 0.5L = 2L
80D - 25K (medical insurance)
40K - medical allowance
Menu
total deduction for AY 19-20
Replies (2)
As per Section 10(13A), The amount of HRA exemption is deductible from the total income before arriving at a taxable income Although it is a part of your salary,
Rent paid not exceeding rupees 1 lakh (No requirement of landlord PAN) can be a better option to save tax.
Also section 80TTA for deduction of Rs.10k can be taken into consideration if having bank interest of saving account.
donations under 80G
home loan where interest is deductible upto 2lacs from total income
home loan where interest is deductible upto 2lacs from total income
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
