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maximize savings on income tax

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(Querist)
21 June 2017 I recently joined a company and my ctc is XXX lpa and in hand guaranteed cash is XX lpa. anyone can help what is the applicable tax rate for me and how can I pay less tax?
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
21 June 2017 Applicable tax rate in your case which is applicable to individual i.e upto 2.5 L @ NIL Next 2.5 L @ 5% Next 5L @ 20% Remaining @ 30%
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
21 June 2017 You Can save you tax by claming deduction u/s 80c i.e. 5yrs FD, LIP, housing loan repayment Or you may also claim HRA (if actually paid)
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anusharth Mulay

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anusharth Mulay (Querist)
22 June 2017 how can hra save tax?
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
22 June 2017 If you are staying in a rented house than you can claim HRA deduction , if HRA forms part of your salary.

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