Best Time To Plan Your Tax Is Now, Not in March !!!

Here is a guide to help your tax planning:



πŸ‘‰INCOME TAX Exemption Updates...
    (For FY:16-17)

πŸ”± 80 C:- Max limit
150000/- (MF-ELSS, MF-Pension Plans, Life Ins Premium, One time investment in LI-Immediate Assured Pension Plans, NSC, etc.)

πŸ”± 80CCD:-50000/- (NPS)

πŸ”± 80CCG:- 25000/- or 50% of your investment which every is less

πŸ”± 80D:-25000/-
( Mediclaim Policy for self spouse, children)
πŸ”± 30000/- for dependent parents u/s-80D.                      Medical reimbursement :- 15000/- US 17(2)

πŸ”± 80DDB:- Medical expense occurred on dependent for specified illment

πŸ”±80TTA:-  Up to 10000/- for Interest saving bank account

πŸ”± Gift tax :-  Exempted upto 50000/-. Above 50k full amount taxable (FY) from other than Blood relation..            Gift from Blood relation is 100%Exempted...

πŸ”± Transport allowance :- 19200/- (FY)
C.E.A. :- 2400/- (FY)

πŸ”± HRA :- as per the calculation

πŸ”± 24(b)  :- 200000/- (home loan interest)

πŸ”± 80G  :- full amount in few selected organisation.              This exemption is 50%

πŸ”± 80GGB.   :- 100% exemption for political parties

πŸ”± 80EE :- unlimited (interest on education loan)....

Have a Great 2016-2017 Financial Year......!!πŸ‘πŸ‘πŸ‘

So Plan Your  Financial Year 2016-17 Income Tax Exemption Now.