Tax Planning Strategies for Salaried Employees
Tax Planning Strategies for Salaried Employees.. You can use various sections including Section 80C, Section 80CCD1B, Section 80D, HRA, etc. to save income tax
Tax Planning Strategies for Salaried Employees.. You can use various sections including Section 80C, Section 80CCD1B, Section 80D, HRA, etc. to save income tax
There are multiple investment options that salaried person can use to save income tax with old tax regime. These include standard deduction, investments under Section 80C, Section 80D, Section 24, HRA, etc. which can help you lower your income tax on salary. Please note that new tax regime does not allow majority of the investment …
Income Tax Calculation Examples.. Understand old tax regime and new tax regime slab rates with examples of income tax calculation, tax rebate
Save Income Tax options: 1. Standard Deduction 2. Section 80C 3. Section 80D 4. Section 80CCD(1B) 5. HRA (House Rent Allowance) to save income tax..
Section 80G of income tax act allows you to claim donations made to relief fund or charitable organizations as deductions with old tax regime
Section 80DDB of income tax act allows you to claim deduction against the medical expenses occurred for specific diseases mentioned below..
Section 80EEA of income tax act helps in saving income tax with old tax regime on home loan interest amount paid in a financial year..
Section 80E of Income Tax Act allows us to claim Interest amount of Education Loan that is taken for higher studies for loan up to 8 years..
Section 24 of Income Tax Act allows us to claim Home Loan Interest amount of maximum Rs. 2 lakh in a financial year to save income tax..
Section 80TTB allows income tax benefits for senior citizens on their interest incomes from savings, fixed deposits, recurring deposits, etc.