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Can anybody please help me for tax planning? How to save more tax?
One query....U/S 80C of Income Tax Act,1961 the exempt limit is Rs.1 lakh. 80C cover all sections like 80ccc, 80ccf, 80ccd or not?
Your answers are appreciable.
Thanks & Regards,
Sarita

Dear Sarita, It covers all sections 80CCC 80CCF & 80CCD Tks and Regards Ramachandran 9020709977
Thanks Ramachandran
Still i have doubt.
Suppose one person is having insurance of Rs.1 Lakh. If he is taking another Infrastructure Bond u/s 80CCF of Rs.20,000/-, can he show the full amount of Rs.1,20,000/- (Rs.1 Lakh + Rs. 20,000/-) for tax exemption. Rule says, u/s 80C anybody can show Rs. 1 Lakh only.

Dear Sarita
You can save Rs.100000/- under 80C, 80CCC and Rs.20000/- under 80CCF (Longterm Infra Bonds).
The Mobile Bills and Medical expenditures (Rs.15000/-) are also eligible for deduction from Salary as like Housing Loan Interest Amount Rs.150000/-.

Dear Sarita
For filing the Income Tax you can even use Income Tax e Filing, Income Tax India, ITR4, Online Income Tax Filing, Filing of Income Tax Return or www.myitreturn.com websites. I am using My IT Return website since last 5 years and it is easy also for filing. You will get the e acknowledgement, which is to be sent to Bangalore IT Department. Further you will get the e filing acknowledgement as well as refund dues, if any, also deposited in your account. You can also instruct your staff members, so that they can always have soft copy of IT Return as well as you need not to worry about their IT Return filing. It charges around Rs. 200 to Rs. 300/- only

Hi Bhaskar, Really it’s helpful for me.Previously i was downloading the ITR forms & filling it manually. Now it’s quite ease. Many many thanks for sharing the site. Regards, Sarita
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