What should be Investment Amount to save tax?

264000 Less 160000 exemption

106000

Less Allowance exempt u/s 10

less Prof Tax

Balance to be invested to save tax

Originally posted by : Deepak Tapse
	264000 Less 160000 exemption 106000 Less Allowance exempt u/s 10 less Prof Tax Balance to be invested to save tax

I believe taxable amout would be 10% of what is my net taxable income.?

hi,

 I need help understanding how much tax can i save my Gross salary as of March would be around 4,41,000 the only investment i can show is life Insurance amount of some 20000 and education loan of 400000 on which i pay interest of 48,000 !also attached is my Payslip please advice !!

Hi ....anup

i need the information regarding where u r working(place of work ) , for the computation of HRA  exemption

info regarding taxability :-

• basic salary- fully taxable
• conveyance allowance-  exemption available

          lower of ("amt of allowance' or 'amt actually utilised' )      

• HRA- exemption available
• fixed medical allowance- fully taxable
• night shift allowance- fully taxable
• other allowance- fully taxable
• LTA/LTC- exemption available  

plz provide info regarding ,whether u availed leave travel concession(assistance),for calculating exemption for LTA.

ur sec 80c, still remain unutilized upto rs 80,000.

u/s 80E u can claim deduction on int on edu loan of rs 48,000.

if u need , i would inform abt where u hav to invest, to save d tax.

u can contact me at:-

email- hind4india @ yahoo.com

ph.no:- 09995896214