Tax Planning at Last Movement

Every individual want to save his/ her income tax, but they don’t know how to save their tax. In a financial year an individual can get only 1, 50,000/- exempt u/s 80C  but actuality is that only some people is take full benefit of exemption limit. According to a survey of income tax, annual salary between 6 lakh to 10 lakh, person age group 30-40 get the tax benefit of Rs.99000/-because they don’t invest in a systematic process, at the end of financial year month of February and March they invest huge amount for tax benefit. Some points are, in salary slip or expenses during the year take the benefit of tax. You can get the addition tax benefit of salary slip parts like house rent allowances, medical reimbursement, leave travel allowances slips when your employer can provide to you. You can also get the benefit on home loan principal or interest part, but if purchase a house during the financial year get the benefit on stamp duty expense u/s 80C.

                                            U/s 80 D exemption limit of Rs. 5,000/- of preventive health check up of you, wife and children’s. You are also invested in National pension scheme of Rs. 50,000/- to get addition tax benefit u/s 80 CCD (1).