Government employes tax saving
vikrant patil
(Querist) 01 March 2016
This query is : Resolved
respected sir ,
I am government employee and want save my huge income tax deductions per month from salary.
actually my monthly salary is Rs90000,and my income tax deduction from salary is about
Rs 9000 per month which very large.
Means in a year I contribute Rs 1 lakh for income tax which is very huge amount.
actually i very strongly need this money for my future which iam losing every year.
my salary dicription ias below.
TOTAl salary Rs90000/-
DEDUCTIONS
Income tax Rs9000/-
G.P.F(Fund) Rs10000/-
Other Deductions Rs11000/-
TOTAL DEDUCTION RS30000/-
IN HAND SALARY Rs60000/-
does increasing my monthly contribution of RS
40000 per month to GPf(FUND)can reduce the tax deduction per month.if yes then by how much
2.please tell the chances how i can save my income tax
Rajendra K Goyal
(Expert) 08 March 2016
Your facts does not seem to be correct.
If you are such highly paid you must be knowing which deductions qualify tax benefits.
All type of deductions are not entitled for relief in Income Tax.
Department seem to be deducting your TDS wrongly.
Discuss in detail with local tax consultant.
