What are the various ways to avoid income tax?
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I am getting 2,80,000 pa. how to avoid income tax fully.. My friend told that u must to pay 2000 minimum tax. 280000-160000=120000@10%tax=12000. If saving limit 1,00,000 means balance 2000 income tax.. how to avoid that also... Is it possible to avoid that 2000 rs also..
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Answer:
You can reduce your taxable income by Rs.1,00,000 by Investing in avenues mentioned U/s 80 C Further Rs.15000/- on ur Medi claim U/s 80D the deduction u/s 80D is 20000 is u invest for ur parents
Siva kumar. at Yahoo! Answers Visit the source
Other answers
you can invest in 80CCF bonds up to 20000 rs http://www.simpletaxindia.org/2011/02/l-t-infra-bonds-80ccf-download.html
Raj Rani
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