02 February 2018
One of my friend total salary 17-18 Rs 3,00,000 . standard deduction Rs 2,50,000 Balance Taxable income Rs 50,000 Please advise best method of Tax saving scheme
02 February 2018
Please provide the breakup of his salary. Because out of his monthly salary some amount might have been deducted for PF, HRA purpose. He will get the deduction of the same. Shortfall can be invested either in PPF, Insurance policy etc.
02 February 2018
In that case, you need to invest Rs. 50000 in any of the tax saving modes which are eligible for deduction under Section 80C. Alternately, you can also ask your employer to issue you the salary certificate which detailed bifurcation
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