Income Tax Planning Guide for FY 2017-18
A Guide for Income Tax FY 2017-18
Every employee and Teachers should have certain plan about the income tax . Before going to assess Income Tax everyone has to look over their deductions and payments Income Sources and available Deductions Income from Employer
Deductions HRA Medical Reimbursement LTA Conveyance allowances
Section 80C
Investments/Tution Fee/Housing Loan Principal, Limit 1.5L
Section 80CCD (1B)
National Pension Scheme ( over and above 80C limit )
Section 80D
Medical Insurance Premium ( Rs.30,000/- Limit )
Section 80E
Educational Loan Interest ( No limit )
Section 80G
Donation ( 10% of Gross Total Income)
Section 80GG
Rent Paid
Section 80TTA
Interest from Savings Bank a/c Limit 10,000
Section 24
Interest on Home Loan Limit 2,00,000
Click Here To Get TAX Guide
A Guide for Income Tax FY 2017-18
Every employee and Teachers should have certain plan about the income tax . Before going to assess Income Tax everyone has to look over their deductions and payments Income Sources and available Deductions Income from Employer
Deductions HRA Medical Reimbursement LTA Conveyance allowances
Section 80C
Investments/Tution Fee/Housing Loan Principal, Limit 1.5L
Section 80CCD (1B)
National Pension Scheme ( over and above 80C limit )
Section 80D
Medical Insurance Premium ( Rs.30,000/- Limit )
Section 80E
Educational Loan Interest ( No limit )
Section 80G
Donation ( 10% of Gross Total Income)
Section 80GG
Rent Paid
Section 80TTA
Interest from Savings Bank a/c Limit 10,000
Section 24
Interest on Home Loan Limit 2,00,000
Click Here To Get TAX Guide