Income Tax in budget 2019 – How much you can save?

Income Tax- in budget 2019 anyone can get full tax rebate till Rs 5 lakh taxable income. By investing in different govt schemes you can save more.

How you can save more in income tax?

  • In 80c – Rs 1,50000/- (investing PPF, LIC etc)
  • 80CCD (1B) NPS – Rs 50000/-
  • 80D -Rs 25,000/-
  • and Stranded deduction- Rs 50000/-
  • Total- Rs 7,75000/-

If you are paying home loan interest you can save upto Rs 2,00000/-

Total- Rs 9.75000/-

Those are paying rent have benefits of HRA exemptions.

Anyone who is earning till Rs 9,50000 can save tax by investing and claiming home loan interest or HR exemptions.

 

News Desk

I am handling news desk for the news ark. I am post graduate in management.

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