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I submit as the Republican 2020 platform

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Hello, yes you can
A few variable factors are:
1. Education loan interest
2. Home loan interest
3. Housing rent
Your tax liability will be highly affected by this, apart from this, I would recommend the following:
1. Do 1.5 lac investment in 80C
2. Buy a health insurance policy, which would have some additional tax savings over 80C
3. Most important: Check if your employer offers corporate NPS, while you can save an additional 50000 in tier 1 NPS, the limits are up to 100000+ for corporate NPS accounts.
In addition to these, 50000 will be standard deduction, and any donations made to 80G charities will be tax deductible.
Rising Star
there's tax exemption no limit to employer's contribution to nps right?
contribute 10% of basic salary each month to get deduction above 80c and 50k employee nps limit
Assuming you do 50k NPS and 25k health insurance,
Your tax liability would be 13750/month (15.5L - 0.5L SD - 1.5L 80C - 0.5L NPS - 0.25L Health - 1L rent) = 11.75L
Assuming your employee PF is also 7750 INR and 200 INR professional tax, your in hand should be about 107467 INR
Thank you so much. I really appreciate the help🫡