These Tax Planning Expenses Helps to Save Tax

The Income Tax Act offers some reason to lift your spirit amidst the gloom of expenses. There are more than a handful of expenses that help you slash taxes. House Rent Purchasing home is like dream come true for a person who is living in rented accommodation but mounting real estate prices can create a hurdle to accomplish the dream of an individual. Increased rent by the landlord can create a silver lining for tax saving. You can claim the lowest of – a. The actual HRA, b. 40% of the basic pay (50% for metros) or c. rent paid less 10% of basic pay.Read more

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