Proper tax planning is the basic duty every person should carry out religiously. We help you compare the advantages of several tax saving schemes and depending upon your age, social liabilities, tax slabs and personal preferences, decide upon a right mix of investments, which shall reduce your tax liability to zero or the minimum possible.

Tax Planning Schemes under different Sections are:
  • Deduction under Sec 80C:
    Life Insurance Premiums, Employees Provident Fund/GPF, Public Provident Fund, National Savings Certificate, Repayment of Housing Loan, Equity Linked Saving Scheme of Mutual Funds, Tuition Fees including admission fees of college fees, Infrastructure Bonds, Bank Fixed Deposits having 5 Year Lock-in

  • Deduction under Sec 80D:
    Under this section, deduction of up to Rs 40,000 can be claimed in respect of premium paid by cheque towards health insurance policy. Such premium can be paid towards health insurance of spouse, dependent parents as well as dependent children

  • Deduction under Sec 80CCG:
  • In the last union budget 2012-13, a new section 80 CCG – has been introduced in the IT Act for extension of income tax benefits under the Rajiv Gandhi Equity Saving Scheme (RGESS). The scheme offers tax benefits over and above tax benefit offered under section 80 C of the IT Act which is available for saving/investment upto Rs. 1 lakh. The Investment has to be made in eligible Equity Shares and/or Equity Mutual Funds. By investing Rs. 50000/- in this scheme, there will be Tax Rebate of 50% i.e RS. 25000/-
  • Deduction under Sec (24)B:
    Under this section, interest on borrowed capital for the purpose of house purchase or construction is deductible from taxable income up to Rs. 1,50,000 with some conditions to be fulfilled.