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Salary 220000/annum-how much savings + hra to be showed to avoid tax?


Salary 220000/annum-how much savings + hra to be showed to avoid tax?

You don't mentioned that how much HRA you are getting but if your salary is including HRA is 220000 and if u want to save your tax you have to follow these advise

Up to 100000 your income is exempted

up to next 100000 You can get deduciton u/s 80C by investing in such investing scheme E.g Life insurance premium, contribution in pension fund, School fees of 2 child, Investment in PPF, Deposit in schedule banks, purchases infrastructure bond. You can invest up to 100000 one of these or all of these. and on balance 20000 u have to pay tax at 10% means 2000 rs u have to paid Source(s): By rajat mittal (B.com, LLB jaipur)
The person asking for this question not mentioed any category, means General, Woman, Senier Citizen etc.

upto 1 lakh tax is exempted

In this case 5000 + 20 % of the amount by whcih the total incocme exceeds 1.50 laks.

ie 5000 + 14000 = 19000

You should be invested Rs. 19000/-

This person not mentioned Where is Staying, HRa depending upon city like metro or not

thans b regs

manoj
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