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Hi Fishes, How much money can we keep in our salary account? I have only 1 bank account which is salary account. I have created RD account in that only. So wanted to know what's the maximum amount we need to keep in salary account? And all the amount in our salary account is taxable? Accenture Tata Consultancy Infosys Cognizant Wipro Amazon Amdocs Yahoo Capgemini Citi
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Medical premium of yours , your parents, wife, kids.
Nps.
If company provides food vouchers card,
Thanx, any other Avenue apart from this
LTA, HRA
Plz share breakup
1. 80C - 1.5 lakh
2. Home loan intrest - 2 lakh
3. 80D health insurance - 25k (self + spouse) + 50k (parents)
4. HRA - Up to 1 lakh without PAN, else PAN of house owner should be submitted. (You can't claim both HRA and house loan if it is in same city)
5. NPS - 50k
6. Donation - 25k (Any NGO) / unlimited (Some listed NGO)
7. LTA - Leave travel allowance (if applicable in your company, limits as per company)
8. Food/Internet or any applicable reimbursements in your company
9. Standard deduction if you are less then 5 lpa.
10. Electric Vehicle loan (please do research on this)