Shreyaa Kapoor Instagram – You can pay 0 taxes on your 10.5L salary, here is how! 🙌🏼
Apart from the usual suspects like medical insurance, ELSS/ PPF under 80C and NPS did you know you can also claim home loan deduction and house rent deduction together (if you have a home loan and live on rent) 🙏🏼
Reference can be drawn to the case of CIT vs. Mr. Justice Avadh Behari Rohatgi (157 ITR 441)(Delhi High Court, 1985) where it was held that even if person owns property in the same city and lives in another house in the same city they can claim deductions for both home loan and HRA as they operate independently of each other!🙌🏼
Incase you don’t have a home loan/ don’t get HRA – there are multiple other ways to save on taxes which I have shared in previous reels so do check them out!🫡
Do drop your questions in the comments below! And share this with your friends earning enough to have tax laibility!🌱
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[home loan, tax tips, tax season, tax saving, HRA, tax hacks, personal finance, finance tips, tax filing] | Posted on 21/Mar/2024 20:00:08
