salary tax confusion

This query is : Resolved

sudarsan (Querist)
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25 September 2008 my ctc is 4.20 lakhs per annum. in duduction part 80 c i will claim Rs.1.00 lakh and Home loan interest paid Rs.65000/- after deduction these, i will have to pay tax for Rs. 1.00 lakh tentatively. can u pls. suggest which investment can i make to avoid the tax? pls.revert back to me.

thanks & regards

sudarsan.s.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 September 2008 Housing loan interest can go up to 150000/-u/s 24(b).
Can take a mediclaim policy for a premium of Rs.15000/-u/s 80D
I see nothing else.

Guest

Guest (Expert)

25 September 2008 if you are having any dependents suffering from specified diseases then you can claim another 40000 as a deduction under section 80 DDB.

If u have any existing educational loan then the interest paid on such loan can be claimed as a deduction under section 80E

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