Topic: Let me know more details to invest and to save maximum Tax

And a monthly nontaxable income after retirement wef April 2009

This message was edited 1 time. Last update was at 31/03/2009 11:17:34

After retirement your age shall still be below 65 years, so non taxable income shall be Rs1.5 lakhs however if you invest in tax saving schemes and options then your non taxable income can go upto Rs.2.5 lakhs. Further If you are a senior citizen (Age 65 years and more) then your non taxable income shall be Rs.2.25 lakhs which again can go upto Rs.3.25 lakhs if investment is done in tax saving schemes and options.

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