Topic: How should I save income tax on my salary?

Please tell

This message was edited 1 time. Last update was at 30/06/2009 09:40:58

You can utilise the benefits under section 80c like investing in NSCs, Infrastructure Bonds, FDs of tenure more than 5 years, insurance olicies from LIC or any other private insurer like Bajaj Allianz and ICICI Prudential and equity linked saving schemes like SBI Magnum Tax Gain and Birla Sunlife Tax Relief 96.

Apart from this you can also take advantages of chapter VI-a deductions which include your HRA and conveyance allowance to reduce your taxable income.
Download free income tax calculator

This message was edited 1 time. Last update was at 24/12/2008 09:52:47

We are in the middle of the season when many of us will make tax savings related investments. So, I thought I would update my answer that I had given earlier this year.

Our website has a section on how to save taxes. Please visit the following links, and I hope that you find this content of interest.

This link has suggestions on how you can save up to Rs. 1 lakh through tax planning.

This link has lots of detail on the various section 80C options.

Please do leave comments on these articles and suggestions on what else you would like iTrust to write about.

Thanks.

whether land depreciation is applicable

This message was edited 2 times. Last update was at 16/12/2009 08:55:24

The best thing that you can do is invest in government's tax saving scheme's and try to take the loan from government authorized bank.

This message was edited 2 times. Last update was at 12/02/2010 11:15:04

Dear Devinder,

If this is the first time you are saving tax, the best way is to go for Life Insurance. As this would give you cover and tax saving. In upcoming years you can go for any other options as suggested in the above replies. you may contact on my mail id for more information.

Regards,

trisela wrote:The best thing that you can do is invest in government's tax saving scheme's and try to take the loan from government authorized bank.

You can invest in mutual funds

Best way to invest in LIC isurance policy with safe & guaranteed and tax free return & also get any loan (if needed then) then u will get tax benefit

This message was edited 2 times. Last update was at 23/07/2010 15:45:03

tax saving is easy when you have good advice. thank you for the advicing here

If you invest fully Rs 1 lakh you can claim 80C exemption. If you have not invested , invest Rs 60,000 in HDFC Tax Saver. Dividend Pay out option. There is a lock in for 3 years. You can file return and claim refund.

This message was edited 2 times. Last update was at 23/07/2010 19:42:36

Good place to ask my question at same time, What percentage of my after tax income should I save every month?

Investing in deduction other than 80CCC?

I annual salary is 5lpa pls suggest me how to save tax.

Hi,

i am sujendra

first time you are saving tax, the best way is to go for Life Insurance. As this would give you cover and tax saving. In upcoming years you can go for any other options as suggested in the above replies. you may contact on my mail id for more information.

regards,

phe9oxis,

http://www.guidebuddha.com

edited 2 times. Last update was at 23/07/2010 15:45:03<a href="http://forkliftcertification.org/forklift-licence/">forklift licence</a>

Simple ..!!

I know 3 ways salaried employee can save tax ...!!

and zero tax is also possible ..!!!

Its all by Proper tax planning ...

Apart from this you can also take advantages of chapter VI-a deductions which include your HRA and conveyance allowance to reduce your taxable income.

Can i save more then 1 lakh ??? is there any other section rather then 80C ?

Earn profit http://fundexpress.net/?ref=1661
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Hey its very easy and i will make this thing very very easy for you..Mean with the help of this income tax calculator you can save more and also get best idea how? so try to use it. Its really work

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income tax calculator</a?

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Hey its very easy and i will make this thing very very easy for you..Mean with the help of this income tax calculator you can save more and also get best idea how? so try to use it. Its really work

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income tax calculator

this is really very helpful "You can utilise the benefits under section 80c like investing in NSCs, Infrastructure Bonds, FDs of tenure more than 5 years, insurance olicies from LIC or any other private insurer like Bajaj Allianz and ICICI Prudential and equity linked saving schemes like SBI Magnum Tax Gain and Birla Sunlife Tax Relief 96." a little <a href="http://www.rentalprotectionagency.com/tenant-screening.php"> background check</a> will help solve the issue.

this is really very helpful "You can utilise the benefits under section 80c like investing in NSCs, Infrastructure Bonds, FDs of tenure more than 5 years, insurance olicies from LIC or any other private insurer like Bajaj Allianz and ICICI Prudential and equity linked saving schemes like SBI Magnum Tax Gain and Birla Sunlife Tax Relief 96." a littlebackground check will help solve the issue.

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mera 2009 ka bakaya ax me nhi tvetan aya he.us time meri salary incom tax me nhi thi.is liye maine tax pay nhi kiya.kya jo 2009 ka bkaya me tax pay krna hoga

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