Dear Seniors,
please suggest me how to save tax paying
1. i have personal loan about 1.5lacs, can i get tax benefit on this?
2. planing to make fixed deposit for 50k for 5yrs, if i make how much can i save tax
3. if i want to use House Rent Allowance :exemption u/s 10(13A) - please suggest me is rent receipts and rental agreement should be in my name.
and give some options to make tax benefit.
awaiting for your valuable replies.
please suggest me.
Regards,
Annu
From India, Bangalore
3please suggest me how to save tax paying
1. i have personal loan about 1.5lacs, can i get tax benefit on this?
2. planing to make fixed deposit for 50k for 5yrs, if i make how much can i save tax
3. if i want to use House Rent Allowance :exemption u/s 10(13A) - please suggest me is rent receipts and rental agreement should be in my name.
and give some options to make tax benefit.
awaiting for your valuable replies.
please suggest me.
Regards,
Annu
From India, Bangalore
1. Personal loan will not be considered for tax exemption purposes.
2. FD may be claimed under 80C for tax rebate.
3. House rent receipt received from landlord with his PAN details is must (if HRA is more than 1L p.a) for claiming tax exemption. Lease agreement is not mandatory. If the landlord is not having PAN, a declaration has to be produced to this effect.
Pon
From India, Lucknow
2. FD may be claimed under 80C for tax rebate.
3. House rent receipt received from landlord with his PAN details is must (if HRA is more than 1L p.a) for claiming tax exemption. Lease agreement is not mandatory. If the landlord is not having PAN, a declaration has to be produced to this effect.
Pon
From India, Lucknow
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Tips to save tax.doc
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