Most of the deductions under section 80 are also available to NRIs. For FY 2016-17, a maximum deduction of up to Rs. 1,50,000 is allowed under section 80C from gross total income for an individual.
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Know about deductions under Section 80G
Section 80G: Deduction for donations towards Social Causes The various donations specified in Section 80G are eligible for deduction up to either 100% or 50% with or without restriction as provided in Section 80G. Section 80G deduction not applicable in case donation is done in form of cash for amount over Rs 10,000.
How to structure your salary to save taxes?
Namaste from Moneyम्जी! Salary! What a simple word it is. Zoom in, and you will realize this simple word is made up of so many components. These components can decide your taxability factor. Would you like to take home most of your pay or would you like to save tax or how about striking a […]