CA Sakchi Jain Instagram – Here’s how you can pay 0 Taxes on your 12 Lakhs Salary 👇
1) Standard Deduction of 50,000 under Section 16(ia)
2) HRA Deduction of 1,50,000
3) Section 80C Deduction of 1,50,000 by investing in PPF
4) Additional Deduction of 50,000 under Section 80CCD for NPS
5) Section 80D Deduction of 50,000 (25k for self and 25k for Parents
6) Section 80E Deduction of 50,000 – Education Loan
7) Section 24(b) Home loan Interest of 2,00,000
These deductions totals up to 7,00,000 leaving your taxable income as 5,00,000. As per section 87(A) you can get tax rebate so that your Tax Liablity becomes Zero! | Posted on 26/Jun/2024 19:49:37
