Tax Saving + ITR + NPS
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About Tax Saving + ITR + NPS
In India, the most used tax saving clause is section 80C, which gives you the opportunity to save tax for income upto Rs. 1,50,000. This covers a lot of spectrum like EPF, PPF, NPS and Term/Endowment Insurance plans.Out of all these options, most of us opt of Endowment Insurance plans, which I consider the worst option due to its low returns and also low mortality coverage.
But to save tax, there are other alternate options, which none of us consider. Some of them are as below:
Donation to PMRF / Listed NGOs: Being emotional Indians, we donate generaously whenever we hear about some tragedy or someone is in need. But while donating, most of us do not know that whatever we are donating can be claimed absolutely tax free provided we donate to the right agency.
Saving in NPS: Starting current budget, the Govt has increased the tax benefits for National Pension Scheme by Rs. 50000 over and above total saving in 80C. So, if you have not opened an NPS account yet, you should get it opened immediately by contacting your bank.
Medical Insurance: If you are still out of medical insurance, its time to get one. Not only for tax saving, but considering the exponential medical costs and initial lock-in for some of the most common deseases, we should medically insure ourselves and families as soon as possible. By doing so, we can get tax benifit for upto Rs. 25000
But to save tax, there are other alternate options, which none of us consider. Some of them are as below:
Donation to PMRF / Listed NGOs: Being emotional Indians, we donate generaously whenever we hear about some tragedy or someone is in need. But while donating, most of us do not know that whatever we are donating can be claimed absolutely tax free provided we donate to the right agency.
Saving in NPS: Starting current budget, the Govt has increased the tax benefits for National Pension Scheme by Rs. 50000 over and above total saving in 80C. So, if you have not opened an NPS account yet, you should get it opened immediately by contacting your bank.
Medical Insurance: If you are still out of medical insurance, its time to get one. Not only for tax saving, but considering the exponential medical costs and initial lock-in for some of the most common deseases, we should medically insure ourselves and families as soon as possible. By doing so, we can get tax benifit for upto Rs. 25000
All Application Badges
Free
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Android
4.1+
4.1+
Android app
App History & Updates
What's Changed
Changed the links used in NPS section..
Changed the links used in NPS section..
Version update Tax Saving + ITR + NPS was updated to version 2.1
More downloads Tax Saving + ITR + NPS reached 10 000 - 50 000 downloads
Version update Tax Saving + ITR + NPS was updated to version 1.5
More downloads Tax Saving + ITR + NPS reached 5 000 - 10 000 downloads
What are users saying about Tax Saving + ITR + NPS
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Hi I have 2 queries, if we have flat and stay in rented home. Flat is given for rent than HRA cannot be claimed and only interest on home loan can be claimed. If this is true how to save tax or any proper way to claim
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Limit of 1600 for conveyance is per month not yearly. In this app yearly allowable limit was entered 1600 only instead of 19200.
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Good app. I am also expecting the tax saving as per the new guidelines.
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Best app
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Good.
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U people waste others time
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Confusing and not reliable
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Nice app this is exactly what I was looking for
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Not Open... Uninstall !
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Love this Little but very useful aap... Thanks Developer..
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Why does this app need permission to peep into user's call list, WiFi information etc too?
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Love this app... tax calculation is now very simple after getting this app...
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If i remove extra savings and change amount, and try to recalculate tax, it doesn't display
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Very Good App for tax saving and calculation. Got answers for lot of my questions about income tax. Need some more improvement
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Add an option to share wit frnds.. it wil be easy fr sharing
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Very Use full App
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Great App, very useful
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Good
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Good
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Helpful in tax payment plainng.
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Time saving app
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The food coupon exemption is shown in monthly sum whereas all other exemptions are in yearly sum, the NPS section also needs updation on 80 CCD(2) exemption which is not reflected. Tier 1 subsection does not show the option of employers contribution of up to % 10 of basic salary
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Gud one but need more information
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Yogendra Raulji
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Woow this is so easy
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Good app.helpful.
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Very nice App.
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Never knew ITR could be hassle free and such a fun. Thanks to the developers for such an awesome app.
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Nice app. Save my 200/- in ITR filing.
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Very useful !!
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Very helpful
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Great app
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Great APP, for ITR , very helpful
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nice work team
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Very useful app for tax planning
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Good for..tax purpose
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nice app
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Good
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Hi, it seems that you have not considered rebate u/s 87A for computing income tax NPS Scheme application form and past application form links are expired