How to save tax on salary income of 30 lakhs
WebSachin Gupta is Fellow member of ICAI and has taught Taxation(Direct & Indirect) to over 30,000 students all across India by Face to Face and by various othe... Web19 dec. 2024 · Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number …
How to save tax on salary income of 30 lakhs
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Web12 apr. 2024 · Tax Saving Fixed Deposits ( FD ): This FD scheme is for a tenure of 5 years and provides tax deduction of up to Rs.1.5 lakh. The rate of interest ranges between … WebCheck out the deduction of income tax above 15 lakh salary for the FY 2024-23 now. Claim; Get The App; Sales: 1800-208-8787; ... as per annual income: Above Rs.15 …
WebSave up to Rs.75000 on your tax liability under Section 80D: You can save by purchasing health insurance policies under the relevant section in the following scenarios. Health Insurance for Yourself and Your Family: Premium up to Rs.25000 for under 60 years Coverage for children up to 25 years Health Insurance for Parents: Web1 mrt. 2024 · So if you are calculating your salary income tax for the financial year 2024-23, ... Above 10 lakhs: 30% of the exceeding amount: ... Tax saving calculation for yearly …
Web8 apr. 2024 · “The new income tax regime is the default regime now, but taxpayers can opt for the old regime as well. From April 1, 2024, anyone earning up to Rs 7.5 lakh (With the standard deduction of Rs 50,000) does not need to pay any income tax,” Adhil Shetty, Chief Executive Officer (CEO) of Bankbazaar.com said. Web16 feb. 2024 · There are certain tax exemptions that can be claimed from salary income. These include tax exemptions on house rent allowance (HRA), leave travel concession …
Web10 mrt. 2024 · Tips to Save Tax for Salary Above ₹30 Lakhs. Invest in Tax-Saving Instruments; One of the most effective ways to save tax is by investing in tax-saving …
Web11 apr. 2024 · List of Deductions and Exemptions under Old Tax Regime. Investments under Section 80C up to Rs 1.5 lakh (Public Provident Fund, Equity Linked Savings … green pants for boysWeb2 dagen geleden · For an annual Salary Income of Rs 12 lakh, ... If your tax-saving investments or spends is above Rs 3,12,500 then the old tax regime will be better for you, according to a calculation by Clear. flynn vrchatWeb15 feb. 2024 · Last date to complete tax savings for current FY 2024-23 is March 31, 2024. A salaried individual is required to choose between the old and new tax regime in every … flynn vince booksWeb27 feb. 2024 · To earn ₹30,000, at an investment return tax-free rate of around 6% a year, you would need to commit capital of around ₹5 lakhs. Thus, it is evident that you need to … green pants brown boots outfitWebEmployer can have option of subscribing to both NPS & EPF. Keeping both makes salary more tax efficient, though take home may go down Gift Voucher worth Rs 5,000 per annum is tax free. Some companies give such vouchers at birthdays or anniversaries! Company owned cars give much more tax benefit and hence is recommended for high salaries. green pants outfits for womenWeb19 jan. 2024 · So if your total income is Rs 10 lakh from salary, the net taxable income gets reduced to (Rs. 10 lakh – Rs. 50,000) = Rs. 9.5 lakhs. Your salary automatically moves to the preceding slab of Rs. 7.5 lakhs to Rs. 10 lakhs per annum, which reduces your income tax (20% under the old regime). flynn vinceWeb10 apr. 2024 · Another 50k for yours and parents health insurance, 75 if they are senior citizen. 25k premium included in 80D, now we have to find possible legal or illegal ways … green pants brown shoes what shirt