How to Save Tax - Few Simple Guidelines

www.MyAdSite.in
Rent Payment - We can Save our Tax using this option this could be city to city different (Part of House Rent Allowances - HRA). It will be %age of Basic+DA

Medical Allowances & Travel Expenses  - Your employer can provide you this facility for your benefits. You suppose to ask your organization.

Expenses- Could be part of Tax Savings like Tuition fees of your 2 Children's,Insurance of your family (husband/wife & Miner childrens) are also part of your tax saving.

Investments - You must do some investment which will build your corpos and protection. Tax Saving FD, Mutual Fund, PPF, NSC & Life Insurance.

Home Loan - Principal & Interenst both are will also help you reduce you tax eligibalities.

Medical Insurance - for Self and family part of additional Tax benefits.

Pension Schemes - NPS - National Pension Scheme like Atal pension Scheme will provide you additional Tax benefits

Donation of Some selective charities.


Income Tax Slabs Rate
Up to Rs.2,50,000 NA
Rs.2,50,000 to Rs.5,00,000 5%
Rs.5,00,000 to Rs.10,00,000 20%
Over Rs.10,00,000 30%








4 comments:

  1. Good post. Additionally, if one wishes to calculate their income taxes, then this online tax calculator would be of great help as it would make the process hassle free.

    ReplyDelete
  2. A really good article about taxation and related information. Looking for catering service india ?

    ReplyDelete
  3. I really like your work, it's helpful to everyone reading your website. Thank you for great website.Abogados de Divorcio Estado de Nueva York

    ReplyDelete