Topic: Need help in Income Tax Planning

Hello Advisers

My total Gross Income for the financial year 2010-11 is 4.5 Lakhs. Out of which PF component is around 30000rs, HRA is 80000rs.

Now can you you please suggest how to planing my investments so that my income tax will be as less as possible.

Thanks in advance.
-Naveen

Invest in PPF -15 years

Hi,

There are many avenues for you to invest and save taxes. Team of mytaxfiler.com is been providing Tax Issue services and H1b Tax Service. they are offering Services to USA and Indian People. You can contact them on mytaxfiler.com

For more information on Tax Issue

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Hello,

My income is 2.5 PA, i have delcared LIC worth of Rs 40000 (as investment declaration) but i did't the submitted the proof, so the tax as been deducted.

Is there anyway that i can submit the proof now and get the tax amount back.

hey u have shared great tips to do so..
thanks for sharing great tips on the topic..
this would also help others..
thanks....

emerging markets etf
Personal Finance

This message was edited 1 time. Last update was at 28/04/2011 15:47:07

Anonymous wrote:Hello,

My income is 2.5 PA, i have delcared LIC worth of Rs 40000 (as investment declaration) but i did't the submitted the proof, so the tax as been deducted.

Is there anyway that i can submit the proof now and get the tax amount back.

You can submit you proofs by either by email or you can visit the bank.Please ensure that your name and date of birth are visible,this will help the Customer Service Department quickly match the documents to your account.

This message was edited 1 time. Last update was at 29/06/2011 15:24:43

Hi Naveen,

There are many ways you can minimize your tax. You can go for options like mutual fund investments, SIPs, NSCs or medical insurance in India. Apart from company PF account, you can also save some amount of salary in personal PPF account. It gives good returns. Also you can opt for SIPs where you can invest certain amount everymonth.
You should give serious thought to have mediclaim policy as it proves to be useful in medical emergency and saves good amount of tax. I have opted Max Bupa's medical insurance to cover my entire family since it offers really good tax benifits.

Hi,

Here are some tips and strategies for thinking about your taxes. There are special circumstances that apply to freelance writers and other independent professionals, so I will highlight what you need to know to prepare your taxes.Being self-employed is quite possibly one of the best tax strategies available today. Unlike being an employee, freelancers are in full control of their financial and tax situation. But independence also comes at a cost. Independent contractors face higher taxes and more record keeping duties than employees.

Thanks.......

This message was edited 1 time. Last update was at 09/07/2011 12:19:24

I want to know about the full details for income tax plan

Cegonsoftriatraining

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