Coming year there is a tax releif of 44000 – which can be invested or spent
Any male earning up to Rs 5 lakh a year will save Rs 44,000 as the tax percentage on a total as come down by 11 percent.
>For women, the difference is Rs 43,500 per annum.
>For senior citizens it is up to Rs 39,500 per annum.
>If you are buying medical insurance for your parents you get additional deduction upto 15000 added to the 100000 deduction that you have.(Section 80D )
|Rs 2,50,000 (14,000)||Rs 24,000||Rs 10,000|
|Rs 5,00,000 (45,000)||Rs 1,00,000||Rs 55,000|
|Rs 7,50,000 (44,000)||Rs 1,74,000||Rs 1,30,000|
|Rs 10,00,000 (45,000)||Rs 2,49,000||Rs 2,05,000|