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17 18 Documentation of Expenditures 2017-2025

Classroom Supply Assistance Program 2017-2025 Form

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seven ways to reduce income tax number one section atc under this you can invest your money in options like ppf insurance nps elss etc to reduce taxable income up to rupees 1.5 lakh number two section 80 ccd under this you can understand nps to further reduce your taxable income up to rupees 50 000. number three section 80d you can show your medical insurance to reduce taxable income up to 25 000. number four section 24 if you have a home loan then your interest payment can be shown to reduce taxable income up to rupees 2 lakh number five hra claim if you are a salaried employee and live in a rented house then you can claim hra that is house rent allowance to reduce income tax number six section 80e if you have an education loan then your interest component on the loan is completely tax free then number seven lta claim you can claim leave travel allowance by showing travel tickets twice in a period of four years so with these options you can significantly save your income tax

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