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.