Guys how to save taxt for 9lpa considering by using only tax saving mutual funds?
Please suggest
How much will I have to invest to go tax free by investing in mutual funds,nps and EPF?

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150000 you can save in 80C this includes your PF suppose your PF is 22000 per year so 150000-22000 = 128000 this amount you can invest in tax saving mutual fund call ELSS and 50000 you can invest in NPS so you can save 200000 here plus 50000 of standard deduction plus HRA of 100000
HRA - 100000
ELSS - 128000
PF - 22000
NPS -. 50000
Standard
Deduction 50000
-----------------------
Total -. 400000

Taxable income will be 900000 - 400000 = 500000, for 500000 of taxable income, the income tax will be zero.

Please keep some margin of safety incase you don't want to pay any tax because the moment your taxable income goes up by even 1 Re you have to pay minimum of 12600+ tax

What's standard deduction?
How can we claim hra without renting?

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