Dixit Kundaliya (STUDENT) (25 Points)
08 December 2011HELLO VERY GUD AFTERNOON.
I AM DIXIT KUNDALIYA A STUDENT AND I WANT TO KNOW HOW COULD WE SAVE TAX THROUGH
TAX SAVING CUM INVESTMENT SCHEME FOR A.Y. 2011-12
PLS GUIDE ME AND SUGGEST ME WICH ONE OF THEM IS BETTER TO PICK.
2) HOW MUCH CAN AN INDIVIDUAL SAVE HIS TAX ?
Digbijoy Ghosh
(Lawyer)
(132 Points)
Replied 09 December 2011
One individual whose total income 4,85,000/- and living in his own flat/house with borrowed funds does have to pay tax for the Assessment Year 2012-13:
Business/salary Income 485000/-
Less: Interest on funds borrowed
for aquiring the property 150000/-
= 335000/-
Less: Deduction u/s 80C 100000/-
Less: Deduction u/s 80CCF 20000/-
Less: Deduction u/s 80D
for medical insurance of self, spouce or
dependent children 15000/-
& for medical insurance in respect
of parents above 65 yrs. 20000/-
= 155000/-
Total income = 180000/-
Tax payable NIL
CA Ketan Waghela
(Partner at Elite Educare)
(356 Points)
Replied 13 December 2011
A person gets deduction of Rs.20,000/- u/s 80CCF by investing in Infra bonds from AY 2011-12 onwards.
Ramalingam K
(Founder & Director - Holistic Investment Planners (P) Limited)
(21077 Points)
Replied 12 March 2013
With proper tax planning you can reduce your tax liability; save more; invest better and become wealthier.
https://holisticinvestment.in/plan-your-taxes
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
Kethki Narayan
(Owner)
(59 Points)
Replied 20 March 2013
There are many investment plans which can offer you tax saving benefits. One of them is Birla Sun Life Insurance tax saving plan which you can save up to 100000rs. Also, provides comprehensive financial protection against unforeseen events for your family
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
