How can i reduce my tax? Pls tell investment solutions.

This query is : Resolved

ArunI (Querist)
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15 January 2010 Sir / Madam,

Good Evening

My uncle is a salaried employee. he is a retired govt employee. & his pension is upto 13000/-. now he got a salary Rs. 35000 per month. he hasn't invest any amount in any securities/ plans or insurance. His age is now 75 yrs. pls tell some investment sources for him.

thanks

CA Pramod Jain

CA Pramod Jain (Expert)
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15 January 2010 firstly he will get basic exemption limit available to sr.citizens, and also he can invest 1 lac u/s 80c in various schemes such as mfelss, fdr for 5 yr etc. and if u can eleborate on house status of ur uncle it can also reduce tax, also if he can get his salary sturctured from his employer like conveyance allowance, medical allowance, lta