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I am a employee paying a bulk money on Income Tax. Pls., suggest me how to return back it?


I am a employee paying a bulk money on Income Tax. Pls., suggest me how to return back it?

1. whether you have invested in LIC ,PPF, PF etc upto Rs. 1,00,000 and Madiclaim upto Rs. 15,000
and collect physicial handicap certificates for claiming deduction upto Rs. 1,00,000.
If you have no House Building the take loan from Bank. Interest will be deducted from your salary income.
You may give donation to specified organation (see ITA-80G)

you can save on tax on investment up to Rs 1 lacs. else give me components of yr salary, i will further let u know

U can get an exemption of Rs 1lac under section 80C. U can invest in
PPF(public provident fund),
NSC(national savings certificate) of post office,
ELSS(equity linked savings scheme)type mutual fund
ULIPs and loans

Submit return of income. If refund, you will get it from GOI. Normally no refund in salaried case.

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