Every individual who is involved in any kind of financial transaction either in the form of income, sales, purchase, payments, banking, investments must follow some compliances. It may involve PAN Card application, ITR filing, maintaining books of account in case of professionals. It is very cumbersome practice for individual to maintain their books of accounts and tax compliance.
Tachotax is providing all accounting and tax related compliances.
Our tax expert will help you for minimizing your tax liability by providing a tax planning suggestion which is legally or as per permissible by Indian tax laws. Individual has various option to save their tax by making an investment in different section which are here as under.
|Sr No||Deduction Section||Max Amount|
|1||80C - Investment made in PF, NSC, LIC, Tax saver FD, home loan principal repayment.||Max limit up to Rs 1,50,000|
|2||80D - Health insurance and Medical expenditure||Rs 25,000/- for Self ,
Rs 50,000/- for senior citizen.
|3||80TTA - Interest in Saving Bank Account||Max Amount Rs 10,000/-|
|4||80E - Interest on loan taken for higher education||Whatever Amount paid during the FY.|
|5||80G - Donation to Eligible funds, Charitable funds||100% of Amount Donated /
50% of Amount Donated
These are the basic deduction which is available to taxpayer for further guidance please fill the below details: