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Budget 2015: How an Individual can save Rs 4.44 lakh?
By: Tupaki Desk | 28 Feb 2015 9:54 AM GMT
Finance Minister Arun Jaitley while presenting the Union Budget on Saturday told that an individual tax payer will get tax benefit of Rs 4,44,200 if the tax concessions in Budget 2014 & Budget 2015 were utilised to good effect. How an Individual can save Rs 4.44 lakh in taxes per year? Check it out...
Deduction under Section 80C - Rs 1.50 lakh
Deduction under Section 80CCD - Rs 50,000
Deduction on account of interest on House Property Loan - Rs 2 lakh
Health Insurance Premium (Deduction under Section 80D) - Rs 25,000
Transport Allowance - Rs 19,200
Collectively all these deductions help Tax Payer save Rs 4.44 lakh per year.
Deduction under Section 80C - Rs 1.50 lakh
Deduction under Section 80CCD - Rs 50,000
Deduction on account of interest on House Property Loan - Rs 2 lakh
Health Insurance Premium (Deduction under Section 80D) - Rs 25,000
Transport Allowance - Rs 19,200
Collectively all these deductions help Tax Payer save Rs 4.44 lakh per year.
