Hello Fishes,

I am new to this tax season. Having 10 LPA fixed salary. Deloitte already cuts 3k tds per month. I am
Needing advices on how can i save the taxes.

P.S: My home loan has been started with 19k per month EMI.

Please guide me how to save myself from taxes.

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Below are the basic ways you can save taxes.
1. Save tax on the interest part of your EMI under section 24 . Maximum limit 2L
2. Save tax on the principal amount part of your EMI under section 80C. Maximum limit 1.5L.
3. Save taxes using different ways under 80C. Max limit 1.5L
4. Save taxes by investing in NPS. Max limit 50K.
5. 80D. Medical Insurance. Your + Parents.
6. Claiming HRA. There are 3 ways by which HRA is calculated. Minimum of all 3 is considered as the amount which needs to be exempted from tax.
7. Check for any flexi benefit plans in your salary structure. If there are some you can save taxes by claiming them as well.

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