guidelines for tax declaration for Individuals

YOU ARE IN THE RIGHT PLACE IF :

You are an Individual : Man or Women of whatever age and want to save money

You want to know what can be declared as Income Tax Exemption

You want to know the maximum possible amount that can be saved for your hard earned income

Your Income is Taxable

More info on the INCOME TAX RATE SLAB FOR YEAR 2012-13

Tax Tip :

The Best Way to Save Money is by not Paying Income Tax, You can acheive this by makins sure that you know EACH COMPONENT IN DETAIL

1st STEP IN INVESTMENT DECLARATION FOR SAVING TAX

  • DECLARE YOUR RENT

      • CHAPTER VI A

          • LOSS ON HOUSE PROPERTY

              • INCOME FROM OTHER SOURCES / HOUSE PROPERTY

                  • DEDUCTION UNDER SECTION 80E

                      • DECLARE YOUR PREVIOUS EMPLOYER PAY DETAILS
                        • SECTIONS & COMPONENTS OF INVESTMENT POSSIBILITIES :