My top ways of increasing the take home salary
Claim HRA benefit by showing rent paid on a monthly basis.
Not forget to utilise LTA benefit by saving all boarding passes.
Exhaust 80C limit of 1.5 lakh by showing premium paid for life insurance, home loan principal repayment, tax saving mfs and ppf
Claim deduction for the medical premium paid by me u/s 80D. I prefer to pay premium for my parents too as I get additional benefit
Benefit u/s 80E for the interest paid on the education loan
Whatever limited donation I do u/s 80G. Makes sense to take exemption against them too
Reduce my taxable income further by booking loss under house property for the interest component I end up paying on an annual basis
#foundation
Claim HRA benefit by showing rent paid on a monthly basis.
Not forget to utilise LTA benefit by saving all boarding passes.
Exhaust 80C limit of 1.5 lakh by showing premium paid for life insurance, home loan principal repayment, tax saving mfs and ppf
Claim deduction for the medical premium paid by me u/s 80D. I prefer to pay premium for my parents too as I get additional benefit
Benefit u/s 80E for the interest paid on the education loan
Whatever limited donation I do u/s 80G. Makes sense to take exemption against them too
Reduce my taxable income further by booking loss under house property for the interest component I end up paying on an annual basis
#foundation