• I need help to plan my investment to save Income Tax on salary

Dear Sir/Madam,
Greetings !

I am an employee and my CTC is approx 11 lac so I am paying huge taxes as I have no idea of investment slabs.can anyone help me to plan my investment so that I can save Income tax.
Asked 8 years ago in Income Tax

You need to give break up of CTC and if you want detailed discussion just mail.me all your details at jainvid15@gmail.com

Vidya Jain
CA, Kolkata
1027 Answers
58 Consultations

Sir first of all for suggesting you we need the break up of your salary. Breakup of CTC

Shyam Sunder Modani
CA, Hyderabad
1409 Answers
164 Consultations

share your salary slip and investment details currently so that i can guide you. you can also contact me personally my email id is vishrut1303@gmail.com

Vishrut Rajesh Shah
CA, Ahmedabad
950 Answers
40 Consultations

Dear Sir,

Please share your CTC and salary slip. Further please let us know whether your company allow you to structure your own salary?

Please feel free to call/ revert in case of any doubts

Thanks and Regards

Abhishek Dugar

CA CS B.Com

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

Hi,

Request you to book a consultation on the portal so that I can help you in this regard.

Pradeep Bhat
CA, Bengaluru
542 Answers
94 Consultations

Hi

Ideally, we should have your salary slip / details of CTC to advise you on structuring.

Broadly you can save tax by claiming House Rent Allowance (HRA), Coveyance, Education Allowance, Medical Allowance, etc. All these have certain prescribed limits. Hence it is advisable if you could share the relevant details.

Alternatively, You can also opt for the phone consultation services using this portal.

Regards

Keerthiga Padmanabhan

M.Com., CA, LLB

Keerthiga Padmanabhan
CA, Greater Mumbai
784 Answers
27 Consultations

Hello Sir,

If you can provide the break up of your salary then it will be better for me to advise you as to how can you save up on taxes by just restructuring your salary other than by making investments u/s 80C, 80D etc.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP

Rohit R Sharma
CA, Mumbai
2104 Answers
95 Consultations

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