Ostroff, Fair and Company
*Ostroff, Fair and Company>>>India Taxes

Is contribution to Employee Provident covered under the deduction limit of 1 lakh rupees?


What are the tax saving modes if the gross income is 5.5lacs

Yes it is available. But your contribution only. Not your employer's contribution.

Use benefits provided in section 80C, 80CCC, 80D, 80G.

Also tax free municipal bonds are coming. You may invest in them.

CA. Deepak Bholusaria
EP falls under the deduction limit. Mutual funds,(Equity Linked Savings Scheme)
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