Saving on taxes

by Gulshan Kumar Ajmani in General Discussions

3.48k 21.9k 176.9k

12 years ago

Generally, you look at taxs deductible saving schemes in section 80(C) of Income Tax Act for tax planning. But there are also other sections that give you tax relief. Just consider house rent, education loan,medical insurance and treatment.

http://in.finance.yahoo.com/photos/tax-savings-ideas-other-than-section-80c-1361506833-slideshow/

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

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rambabu

1.49k 32k 218.8k

12 years ago

#329186

Generally, you look at taxs deductible saving schemes in section 80(C) of Income Tax Act for tax planning. But there are also other sections that give you tax relief. Just consider house rent, education loan,medical insurance and treatment.

http://in.finance.yahoo.com/photos/tax-savings-ideas-other-than-section-80c-1361506833-slideshow/

Its a revelation for a common man like me who always looks into 80(c).

Sanjeev Gupta

222 12.3k 79.1k

12 years ago

#329188

Yes I am taking adavantage of mediclaim policy,infrastructure bonds too. But someone told me that infracture bonds are no more considered in tax saving schemes from this year. Can you clear it Sir?. :blink:

RAM PROSAD ACHARYYA

320 9.77k 72.2k

12 years ago

#329194

Infrastructure bond have some time period lock so it is quite tough, otherwise it is a good option to save some more.

www.mobileeduhut.blogspot.in

Rajani K

145 7.14k 58.4k

12 years ago

#329208

Do any investment can be included for tax relief. That is mutual funds, real estate investment etc. I got this doubt from longtime..

RobertP

65 2.41k 13.2k

12 years ago

#329209

Insurances, Public Provident Fund and few other investment schemes and housing loans are the major sources of tax savings.

Born to express, not to impress.
http://royalrobsideas.blogspot.in/

Gulshan Kumar Ajmani

3.48k 21.9k 176.9k

12 years ago

#329261

Yes I am taking adavantage of mediclaim policy,infrastructure bonds too. But someone told me that infracture bonds are no more considered in tax saving schemes from this year. Can you clear it Sir?. :blink:

Benefit withdrawn. See the link below:

http://tax-india.com/tax-planning/infrastructure-bonds-in-india/

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

Thank you said by: Sanjeev Gupta

Sanjeev Gupta

222 12.3k 79.1k

12 years ago

#329324

Yes I am taking adavantage of mediclaim policy,infrastructure bonds too. But someone told me that infracture bonds are no more considered in tax saving schemes from this year. Can you clear it Sir?. :blink:

Benefit withdrawn. See the link below:

http://tax-india.com/tax-planning/infrastructure-bonds-in-india/

I invested 20K in last 2 years but this time I won't do it because as I won't get tax saving benefit from it. But can you tell where can we invest in place on infrastructure bonds?. :)

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