I have a monthly salary of Rs. 55000 per month after 6th pay commission and paying tax of Rs 6000 plus pm.?



I am already availing Rs. 1,50,000 deductions under section 88. How can i further reduce my income tax per month ?
Read Deduction u/s 80 for 88 ( wrongly mentioned). Insurance policy of LIC, Max new york and icici prudential, provident fund etc crossing Rs. 150000.

I have a monthly salary of Rs. 55000 per month after 6th pay commission and paying tax of Rs 6000 plus pm.?
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3 Replies to “I have a monthly salary of Rs. 55000 per month after 6th pay commission and paying tax of Rs 6000 plus pm.?”



  1. Your deduction of Rs.150000/- u/s88 is not clear. However you can follow the below mentioned policy:

    U/S 80C PF+LIP+PPF ETC Rs.100000
    u/s 80D Mediclaim insurance Rs. 15000 (for sr.citz 20000)
    U/S 24 Accrued intt.on HB Loan Rs.150000(max)
    (subject to condition)
    U/S 80G Donation Max.10% of G.T.I
    Maintenance.any handicraft person Rs.70000
    Rent paid over 10% of salary if any

    I think you will be benifited.





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