Advise how can i save my clients balance tax. Please advise further investmenets
Particulars | Rs. | Rs. |
Income from Salary | ||
Salary | 472,596 | |
Income from House Property | ||
Self Occupied | ||
Gross Annual Value | Nil | |
Less: Interest | 77,318 | -77,318 |
Gross Toatl Income | 395,278 | |
Deductions u/s Chapter VIA | ||
U/s 80C | ||
LIC Premium Paid | 29,746 | |
Housing loan Principal | 102,682 | |
Total | 132,428 | |
Maximum Limit | 100,000 | 100,000 |
Net Taxable Income | 295,278 | |
Tax on @ 2,95,278/- | 9,528 | |
Add: Education Cess @ 3% | 286 | |
9,814 | ||
TDS amount yearly | 9,814 | |
TDS amount monthly | 818 | |