Best time to plan your Taxes is now......
Not in March ....
Here is a guide to help your tax planning.
👉INCOME TAX Exemption Updates...
(For FY:16-17)
🔱 80 C:- Max limit
150000/- (MF-ELSS, MF-Pension Plans, Life Ins Premium, One time investment in LI-Immediate Assured Pension Plans, NSC, etc.)
🔱 80CCD:-50000/- (NPS)
🔱 80CCG:- 25000/- or 50% of your investment which every is less
🔱 80D:-25000/-
( Mediclaim Policy for self spouse, children)
🔱 30000/- for dependent parents u/s-80D. Medical reimbursement :- 15000/- US 17(2)
🔱 80DDB:- Medical expense occurred on dependent for specified illment
🔱80TTA:- Up to 10000/- for Interest saving bank account
🔱 Gift tax :- Exempted upto 50000/-. Above 50k full amount taxable (FY) from other than Blood relation.. Gift from Blood relation is 100%Exempted...
🔱 Transport allowance :- 19200/- (FY)
C.E.A. :- 2400/- (FY)
🔱 HRA :- as per the calculation
🔱 24(b) :- 200000/- (home loan interest)
🔱 80G :- full amount in few selected organisation. This exemption is 50%
🔱 80GGB. :- 100% exemption for political parties
🔱 80EE :- unlimited (interest on education loan)....
Have a Great 2016-2017 Financial Year......!!👍👍👍
So Plan Your Financial Year 2016-17 Income Tax Exemption
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