How to save tax

Deduction available to individual & HUF Deduction on account of investment in specified fund by  Individual /HUF (under section 80C) Maximum amount of deduction is 150000. if individual contribute in : Life Insurance Policy NSC Fixed deposited for 5 years Tuition fee Public Provident fund (PPF) Provident fund National Saving Certificate Sukanya Samriddhi Yojana: 5-year …

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Selection of ITR Form

ITR-1 Who can file ITR-1 – Resident Individual subject to following conditions: Total income does not exceed ₹ 50 lakh during the FY Income is from-Salary, One House Property, Agricultural Income (up to ₹5000/-), and Income form Other Sources, which include: Interest from Savings Accounts Interest from Deposits (Bank / Post Office / Cooperative Society) …

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