Intelligent tax planning: 10 tips to save up to 1 lakh

On 01.14.10, In Investments, By editor
  1. Medical insurance- The annual deduction for medical insurance has been raised up to Rs.35,000
  2. Home loan repayment allows you a deduction up to Rs.2.5 lakhs.
  3. Investment of at least 1 lakh in a pension plan helps you in tax savings.
  4. 1 lakh can be deducted if you have a Life insurance premium.
  5. Investment of Rs. 1 lakh in the equity market via ELSS can also help you save tax.
  6. Interest paid on an Education Loan is deductible without limit.
  7. Under 80C School tuition paid for your children’s education is also deductible.
  8. Stamp duty and registration fees paid towards a house is deductible under 80C.
  9. Under 80GG, you can also get a deduction for rent up to Rs. 24,000.
  10. You can claim HRA exemption if you are living in your spouse/fathers house and paying rent to them.
 
Go To Top »

Reset your taxsavers password

Enter the email address you registered with and we'll send you details on how to reset your password.

Go back and try to login again.

Login using any of these options: