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My Gross salary is Rs. 43000 pm, How much investment can I show so as to minimize the tax deduction?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

My Gross salary is Rs. 43000 pm, How much investment can I show so as to minimize the tax deduction?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear Adhya, As per above information you get annual salary of rs 516,000/- P.A. however you should provide me details of your salary so that i am able to provide you tax saving details. If you want to make saving for minimizing tax liability than you can invest u/s 80C of maximum amount of rs 150,000/- and additional deduction of rs 50000 by making investment in National Pension Scheme. and also you can invest 25,000/- rs in medical insurance so your total deduction is rs 225,000/- and your tax getting minimizing. If you provide me details regarding your allowances and perquisite so i am able to provide you details regarding tax saving on such allowances. Any other query feel free to contact us Writer CA Chitranjan Agarwal

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