Personal Finances In India 2011

Friday, January 28, 2011

Easy ways to save tax

Section 80 D

Under it, you get discounts of up to Rs 15,000 is provided to you or your wife or your children or dependent parents have taken a medical insurance plan. The premium discount of Rs 15,000 and Rs 20,000 to the general public can get to the senior citizens.
Section 80 DD
Under this section a dependent of the money spent on the treatment of tax exempt under this section up to Rs 50,000 or Rs 1.00000 exemption can be claimed.

Section 80 E

1. Under which the interest on the debt is Sskat get the discount. As to the amount of interest on it can get discounts on Purnbhuagatana Lakagine debt will not help. Loan taken for higher education should be. Loan from a bank or institution should be recognized.
2. Homlon will discount the interest tax. The discount will only Homlon on which you may have to stay. For reconstruction of housing repair loans are also exempt.
3. Equity Linked Savings Scheme is Stretrji This popular among investors. Under the three-year-old investment you can remove and put back rebate of up to Rs 50,000 gets it.

4. Tax Smart Oaritebal donation - Aix-section of income tax if you u / s 80 G accredited institution Donating will discount it. For 10 percent of your income can only be donated.

In short -

- Tax planning to align with your financial plan Beithaan it will protect your future too.
- Homlon not understand the bad. Buy and take home with Homlon Benifit tax.

- Even better is to donate. It will also give you discounts.
- 80 C, 80 D and DD under 80 take advantage of tax exemption.
- Insurance policies take advantage of tax exemption.
- Medical insurance and protect yourself and your family by making sure tax rebates.

- Enter the number exactly pan.
- Enter the tax returns on time.

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