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Tax planning

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22 January 2014 Experts,

Mr. X, a retired person receives Rs.2.50 lacs pension p.a., and interest on FD Rs.2 lacs p.a.. Thus total taxable income of Rs.4.50 lacs.

Is there any scope for tax planning and reducing burden of tax in his case, other than deduction under chapter VI ?


Thanks,
CA. Devanand Jethanandani





22 January 2014 Hi

He can claim 80D, 80TTA, if House in name of spouse then can show HRA.

Thx



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