How to save taxes for salaried persons in India after crossing saving limit?



Saving limit for tax saving is Rs. 100000/-(One lakh) only.

5 Replies to “How to save taxes for salaried persons in India after crossing saving limit?”




  1. Home loan interest paid in a fin. yr upto 1.5 lac Rs. is exempted income. further Rs. 800 p.m as transport allowance ( if shown in Salary statement) is exempted. Take the benifits of HRA, Servent Allowance etc. to reduce your Taxable income


  2. Few possible ways –
    1) House Loan
    Interest repayment upto Rs 1.5 lakhs in an year is deducted from your income. Also on principal repayment tax rebate of 20 percent is allowed.

    2) Reimburse HRA, LTA and medical

    3) Gift to close relative





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