Income tax tips by the best Chartered Accountants Firm in Bangalore
As the well-known saying goes better safe than sorry. Tax arranging is one of the manners which can assist you with saving money on taxes and incrementing your pay. The income tax act gives deductions to different ventures, reserve funds and consumption brought about by the citizen in a specific monetary year. We will examine a portion of the roads that can assist you with saving duties says Kros Chek Chartered Accountants Firm in Bangalore . Suggested approaches to saving taxes under Sec 80C,80D and 80EE Make speculation of Rs 1.5 lakh under Sec 80C to diminish your taxable pay. An extra allowance of Rs 50,000 can be guaranteed by putting resources into NPS under 80CCD (1b) Purchase Medical Insurance, the most extreme derivation permitted is Rs. 1,00,000 (Rs 50,000 for self and family if senior resident and Rs 50,000 for senior resident guardians) under Section 80D. Guarantee allowance up to Rs 50,000 on Home Loan Interest under Section 80EE Speculation choices under Sec ...