here are 6 tricks about how you can save money from taxes
Form 9,50,000. SD-. 50,000 = 900000. ( From salary reduction).
Taxable Income. 9,00,000. ElSS/PPF(80C) 1,50,000. = 7,50,000 ( Invest in ElSS and PFF (80C)
Taxable Income : 7,50,000. Health insurance (80D): 75000 = 6,75,000. Purchase health insurance for Yourself and for your family.
Taxable Income: 6,75,000. HRA. :. 1 25 000 = 5,50,000. From HRA reduction
Taxable Income : 5,50,000. NPS 80CCD (1B) : 50,000. = 5,00,000. Invest in 80 CCD (1B)
And for the remaining 5 lakh , will get the rebate of 12,500 rupee . Under section 87A. Source – Income tax act , 1961