To,
Respected CiteHR,
I am salaries person in Private Ltd Organization in Vasai Dist –Thane, Maharashtra. My Annual gross salary is 4,44,000/- .
1) How to calculate HRA ?
2) Where and how much I invest to save maximum income tax ?
3) May I invest 1,00,000/- in under 80(C) and more 20,000/- invest
in some infrascture bond or some fertilizer bond to save income tax?
Please give advice to save maximum income tax. Give me also above
query answer and some information about save maximum income tax.
Thanks
With Regards
Safi Vohra

From India, Gurgaon
you can claim 50% of your basic as HRA for tax exemption. Invest 1.00 L under 80 (C). since your CTC is only 4.4 L, you may not be liable for tax if you invest as proposed by you.
From India, Lucknow
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.