Tax Solutions and Tax Saving Tips

Income Tax Section	Gross Annual Salary	How Much Tax Can You Save?	Life Insurance Plans
Sec. 80C	Across all income slabs	Upto Rs. 46,350/- saved on investment of Rs. 1,50,000/-	Life Insurance Plans
Sec. 80CCC	Across all income slabs	Upto Rs. 30,900/- saved on Investment of Rs.1,50,000/-	Pension Plans Save Tax
Sec. 80 D*	Across all income slabs	Upto Rs. 10,815/- saved on investment of Rs.35,000/- (Inclusive of Rs. 20,000/- towards health insurance of parents who are senior citizens)	Health insurance Tax Benefit
Total Savings Possible **	Rs. 57,165/- Rs. 46,350/- under Sec. 80C and Sec. 80CCC and Rs. 10,815/- under Sec. 80D Above figures calculated for an individual with gross annual income exceeding Rs. 10,00,000/-
Sec. 10 (10)D	Under Sec. 10(10D), the benefits received by you are completely tax-free, subject to conditions specified there in
Applicable to premiums paid for all Health Insurance Plans, Critical Illness Benefit, Accelerated Sum Assured and Waiver of Premium Benefit. ** These calculations of the latest income tax slab rates in India are illustrative and based on our understanding of current tax legislations. The above-mentioned tax benefits are subject to changes in the tax laws. Please contact your tax consultant for an exact calculation of your tax liabilities.

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