Tax saving idea

This query is : Resolved

Sandip Kumar Das (Querist)
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06 December 2024 Dear Sir/mam
Kindly suggest me how to save tax on below details
Salary-835000 + bank int. 75000 =910000
Deduction- s.d.-50000
Hra- 55000
PT-1800
80c-150000
80d-25000
Nps-50000
Total deduction = 331800
Net income = 910000-331800 =578200

Kindly suggest me
Thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 December 2024 SD limit has increased to Rs. 75,000/-
Try to add 80D for more deduction, to bring the total taxable income below Rs. 5 lakhs.

Sandip Kumar Das

Sandip Kumar Das (Querist)
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07 December 2024 But Sir SD limit increased in new format, i m using old format
80D limit also 25000 which i already added so how can increase the same

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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07 December 2024 Yes, under old regime SD remains same as 50K.
An individual or HUF can claim a deduction under Section 80D for the payments mentioned below:

Health insurance premiums paid in any mode other than cash:
Up to ₹25,000 paid for self, spouse, dependent children or parents
Up to ₹50,000 if family or your parents are senior citizens (60 years and above)

Preventive health checkups (Cash payment allowed):
Up to ₹5,000 for self, spouse, dependent children or parents

Medical expenses
Senior citizens (resident aged 60 years or above) who do not have any health insurance can claim a deduction up to Rs 50,000 on the medical expenses incurred.