How to Pay 0 Income Tax on Rs 11 Lakh Salary? (FY 2016-17)

How to Pay Zero Income Tax on Rs 11 Lakh Salary? Salaried class have always complained of raw deal year after year in income tax laws. But the good news is you

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Making Sense of Tax Benefit on Health Insurance u/s 80D

Tax Benefit on Health Insurance – Sec 80D You might have heard stories where a serious medical condition in a family has drained them of their wealth. These are not

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What is the Maximum Income Tax You can Save for FY 2016-17?

How much Tax you can Save for FY 2016-17? Paying taxes is painful and so everyone is looking ways to save tax. I am often asked – what is the

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25 Tax Free Incomes & Investments in India

Tax Free Incomes and Investments in India Everyone hates Taxes and go out in full force to save it – sometime legally and sometimes beyond the law. Fortunately there are

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3 Ways Your Parents can help you Save Taxes?

Your Parents can Help you Save Taxes I had written about how investing intelligently on wife’s name can help you save taxes. This time we would be exploring how parents

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Best ELSS (Tax Saving Mutual Fund) to Invest in 2017

Best ELSS Funds to Invest ELSS (Equity Linked Saving Scheme) or Tax Saving Mutual Funds are one of the best investment options for tax saving u/s 80C. These ELSS funds

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PPF – A Must Have Investment

PPF (Public Provident Fund) is one of the most popular and probably one of the best investment options in India. And rightly so because of the features, tax benefit and

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NPS Tax Benefit u/s 80CCD(1), 80CCD(2) and 80CCD(1B)

In last few weeks I have got several mails and comments asking about the tax benefit on NPS. This post explains the tax deduction available for NPS under 3 sections:

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Claim Tax Benefit for Rent Paid u/s 80GG

Section 80GG – Tax Benefit on Rent Paid Section 80GG is one of lesser known sections which can be used by taxpayers to lessen their tax burden by claiming tax

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8 Questions about Tax Exemption on HRA

Tax Benefit on HRA – House Rent Allowance Its time when you would be asked to submit proof of investment to your employer to save taxes. HRA (House Rent Allowance)

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