Tax planning for f.y. 12-13

Pragnesh Patel (Process Associate) (97 Points)

31 May 2012  

Hi,

I need to give tax plan to my client(women 32 years)  for f.y 12-13.

Here annual compensation as per company (CTC) is as follows:

FIXED COMPENSATION

BASIC 70800, PF 8496, GRATUITY 3405, HELTH INSUARANCE 6000, PERFORMANCE PAY 46800,

BOUQUET OF BENEFITS 150380 ( HRA 28320, CONVEYANCE ALLOWANCE 9600, SUNDRY MEDICAL RIEMB. 4800, LTA 5900, FOOD COUPONS 30000, PERSONAL ALLOWANCE 71760)

Currently she has LIC POLICY CONT. OF 7500 AND CONT OF ULIP 5000 ON YEARLY BASIS APART FROM COMPANY OF AND PROFESSIONAL TAX.

Could anly one suggest tax planning.

 

Regards,

Pragnesh