Tax Changes for Salaried

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Only Modi has a vision and the same is reflected in his moves trying his utter best to do so.Modi should lead our country and rid of these corrupt people . more  
Very good relief for pensioners more  
If your salary is Rs.573790= Rs.47815 pm and if you are contributing PF at 1800 pm(Rs.21600 per year) and profession Tax Rs.2190 yearly,then your Tax Liability is NIL even without any investments in ELSS or Insurance and not even with HRA benefit.

Whereas if your salary is Rs.573795 then on same situation your Income Tax will be Rs.12501.
So the excess Rs.5 or the amount by which salary exceeds over Rs.573790 ,then look for HRA benefit,if staying rented house, followed by invest in in LIC premium,ELSS,NSC,Tax Saving FDR etc.(Max Rs.150000,including PF Rs.21600.)

Even after that ,Taxable salary is in Excess of threshold Rs.573790,then go for Medical Insurance for family/Parents Rs.15000, Annual Medical Check up for self and family & parents Rs.10000(If parents are senior citizens higher limit).

Even after that it is above threshold income,then look for availing Housing Loan more  
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