The saving money is difficult to get the professionals can fit on income slab. Because, lack of knowledge with different tax saving option to commit the mistake of 80C investment even not necessary. They deduct the HRA contribution to PF from the taxable income. The assessment of given savings can make under the section 80C, which is directly proportional to the tax slab. The maximum amount can save tax saving investment should prioritize between goal achievement and tax savings.
6- 10 lakh
The professional salary bracket should maximize the benefits of receiving from tax savings rather than 80C. The maximum tax saving is Rs. 20,000. Both the spouses are able to tax in good option with additional claim an interest rate paid on home loan for the maximum amount is Rs.1.5 lakh.
Above 10 lakh
The tax benefit up to Rs. 30,000 will make tax saving investments under the section 80C. They resolve to use a tax savings option can cut short income tax rate from 30 to 20 or 10%.