How to save tax for 13 lakhs

Author: vvcc

August undefined, 2024

WebAbout the India ₹ 1,300,000.00 Income Tax Calculation for 2024/24 Tax Year This illustration provides a salary calculation for an resident of India earning ₹ 1,300,000.00 …

How To Save Income Tax in India 2024: 11 Ways To Reduce …

WebIncome tax saving tips and tax planning for salary income up to Rs 16 lakhs. This video will teach an individual or even a salaried employee how to do income tax calculation by … WebUnder such circumstances, you can avail these investment options to utilise the exemptions under Section 80C: Children’s Education fees: (Rs 25,000 to Rs 1 lakh) ELSS mutual funds – Rs 60,000 (Investment: Rs 500 per month SIP, Returns- 12% CAGR, Lock-in-period: 3 years) ULIP or endowment plant- Rs 12,000 premium option tuning car battle

Ultimate Income Tax Saving and Tax Planning Guide - By Asset Yogi

Web12 apr. 2024 · At the age of 60, you decide to receive in advance 10% of your monthly pension for the next 10 years of Rs 10,000. This will be paid to you as a lump sum. Therefore, Rs.10% of 10000x12x10 = 1,20,000 is your commuted pension. WebSalaried class have always complained of raw deal year after year in due to laws related to income tax on Salary.But the good news is you can still manage to pay Zero (NIL) income tax on salary of up to Rs 20 lakhs (Salary here means cost to company). All you need to have is right salary structure and invest in RIGHT Tax saving plans! We give you details … Web21 sep. 2024 · As a taxpayer, you can save up to ₹15,600 under this section. You can also claim tax benefits for premiums paid towards health insurance for self, spouse, children … portlink logistics estate

How to Save Tax for Salary Above 12 Lakhs?

Srinivas Kasa posted on LinkedIn

WebHigh taxes are a pain for sure. But have you made any effort to figure how you can save some? 2 easy ways that most overlook - 1. 12% employers contribution to PF 2. 10% … Web15 feb. 2024 · Last date to complete tax savings for current FY 2024-23 is March 31, 2024. A salaried individual is required to choose between the old and new tax regime in every financial year. Hence, if an individual opts for the old tax regime, hence, he/she has tax saving options to save income tax. Here are some tax-saving options for salaried … portlines flyer repair partsWeb20% of total income over and above ₹5 Lakh + ₹12,500) Above ₹10 Lakh. 30% of the total income over and above ₹10 Lakh + ₹1,12,500) An additional health and education cess at 4% of the total tax payable is levied. A surcharge of 10% of the total income also has to be paid by people earning higher than ₹50 Lakh annually. portline bulk international s.a

"WebHigh taxes are a pain for sure. But have you made any effort to figure how you can save some? 2 easy ways that most overlook - 1. 12% employers contribution to PF 2. 10% employers contribution to NPS There is a ceiling but most don’t meet unless earning north of 50-60 lakhs. 13 Apr 2024 08:13:51 ... " - How to save tax for 13 lakhs

How to save tax for 13 lakhs

WebUnder such circumstances, you can avail these investment options to utilise the exemptions under Section 80C: Children’s Education fees: (Rs 25,000 to Rs 1 lakh) ELSS mutual … Web2 aug. 2024 · 9. Loan Against Electric Vehicle. Under Section 80EEB of Income Tax, if you have taken a loan to buy an electric vehicle, you can avail of tax exemption of up to Rs 1.5 lakh on the interest paid. However, this tax exemption will be available only on loans taken between April 1, 2024, to March 31, 2024. 10.

Did you know?

Web21 dec. 2024 · 20% of total income over and above ₹5 Lakh + ₹12,500) Above ₹10 Lakh. 30% of the total income over and above ₹10 Lakh + ₹1,12,500) An additional 4% of the total tax payable is taken as a health and education cess. People making more than 50 lakh rupees annually must also pay a surcharge of 10% of their overall income. Web6 apr. 2024 · 35 Easy Ways to Save Income Tax in India 202 3 #1. Interest Income on Saving Account #2. Interest Income on NRE Account #3. Maturity or Claim Amount …

Web10 apr. 2024 · 3) If you have just 80C deduction of Rs 1.5 lakh then new tax regime might be better as back-of-the-envelope calculations show that for an individual who just avail a deduction of Rs 1.5 lakh ... http://toptube.16mb.com/view/h0BJWRIu_qA/tax-saving-methods-save-tax-up-to-13-lak.html

Web3 feb. 2024 · NEW DELHI: Individuals having an annual salary income of over ₹ 13 lakh and availing deductions of up to ₹ 2 lakh will save on their tax outgo if they opt for the new … Web18 jan. 2024 · Even those who earn a healthy Rs 10 lakh per annum can plan for zero taxes. Assuming a person who has Rs 10 lakh per annum in salary income and Rs 20,000 in interest income. Right off the bat, the yearly income will be reduced to Rs 9.7 lakh taxable income due to the standard deduction. The tax-saving investments under Section 80C …

WebGST collections in March jump 13% to Rs 1.6 lakh crore India’s monthly goods and services tax (GST) collections hit the second highest ever in March, rising… Abhishek Raja "Ram" GST Litigation on LinkedIn: GST collections in March jump …

Web8 mrt. 2024 · Checkout this Quick Video How to Save Tax for Salary Above 10 lakh or 15 Lakh Save Income Tax for FY 2024-22 AY 2024-23- how to save tax for salary above ... portlight windowsWeb4 feb. 2024 · There are also certain provisions and deductions which can be done to save the taxes on even the eligible income tax bracket. Here in the blog post, we would be … portlink drive dandenong southWebThe best way to save tax for a salary above 15 lakhs is to opt for the old tax regime and claim all the available deductions and exemptions on tax-saving investments. Alternatively, you can follow the new tax … portling view dalbeattieWeb4 feb. 2024 · We are here to help by making your tax liability zero even if your cost to the company (CTC) is Rs 20.41 lakhs per annum for FY 2024-22. Submit Query for Tax Calculation Software New Tax Offer - Upto 20% Off* Suggestion to Consider for making Income Tax Zero when Income is Rs 20.41 Lakhs Per Annum Include all those … portlights for sailboatsWeb10 apr. 2024 · At what level does the Old TR match New TR: If the eligible deductions are at Rs. 2,50,000 and above, then Old Tax Regime equals New Tax Regime 2.0 with nil tax. Scenario 2 – Income above Rs.7.50 Lakhs and with eligible deductions: However, once a person’s yearly income exceeds Rs. 7,50, 000, an evaluation is required, taking into … option tuning car battle spec r romWebDownload Video TAX SAVING METHODS Save tax up to 13 Lakh annual income MP4 HD Know how you can sav. Home; Movie Trailer; Funny Videos; Music Videos; ID; EN; Toptube Video Search Engine. Home / Video / TAX SAVING METHODS : Save tax up to 13 Lakh annual income Title: TAX SAVING METHODS : Save tax up to 13 Lakh annual income: … portline bulk internationalWeb3 apr. 2024 · The old and new tax regimes can be utilised judiciously to save taxes if you learn the intricacies of our taxation system. If you want to opt for the old tax regime, … option tuning car battle spec-r