Hi Fishes,

I am new to this tax declaration and all. My previous salary is 3.5LPA that time my lead itself taken care of my IT declaration. Now i got 8 LPA offer here i only have to declare IT. Since I don't have any idea about this. I request you to help me in this. What are the things I can put in IT declaration and also provide some ideas about tax savings.

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Posting as :
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Add funds to PPF to save tax.

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Hi Bro,

See to save tax your gross salary should be comes under 5Lakh.

So, it means you need to invest some amount of money so, that you can save tax.

Under 80C you can invest maximum 1.5 lakh
And 80CCD NPS you can invest 50k.

So whatever extra you need to adjust you can invest in helath Insurance or HRA.

For better understanding download this app and check yourself.

Its very easy to use.


I created this for my personal use.

But after that have also posted it on Google play.

No data is saved or stored.

You can use and check what should be the actual TAX you need to pay after certain investment.

https://play.google.com/store/apps/details?id=ashish.xdroid.simpleincometaxcalculator

Thanks

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This is my taxable income. I have opted the old regime that shows less tax. I don't have meal card here they are providing for 2500 if i opted that that's enough to declare?

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Employer PF(12% of basic) = Rs. 56.7k
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