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Tax planning is about taking an efficient view of your portfolio making the best use of taxdeductions, exemptions, rebate and reliefs in order to optimize finances. Tax planning is notjust about saving tax but also taking steps towards your financial goals.

Innovative Financial Management helps you in this exercise. Tax planning is a dynamic exerciseas there are changes in the tax laws and we keep you updated and assist you throughout theprocess.It has been rightly said that ‘A penny saved is a penny earned’, so we help you to save tax byinvesting your hard earned money in options which are aligned with your financial objectives.

Innovative Financial Management helps you in this exercise. Tax planning is a dynamic exerciseas there are changes in the tax laws and we keep you updated and assist you throughout theprocess.

For reference various Income tax sections through which you can save tax are listed in the table below:

Various Products Section Deduction Upto
PF/PPF/VPF
Recognised Pension Funds/NSC VIII
Life Insurance Premium/ULIP
Deposit in 10/15 year Post Office Saving Bank
Equity Linked Saving Scheme (ELSS)
Home Loan Principal Payment
Stamp Duty & Registeration Charges for Home
Tution Fee of Dependent Relative
5 Year Bank FDR/Post office deposit
80C 150,000
National Pension Scheme 80D 50,000
Medical Insurance 80D 25000 (50,000 including parents)
Interest on Home Loan 24B 2,00,000
Rehabilitaion of Handicapped Dependent Relative 80DD 125,000
Interest on Loan for Higher Studies 80E 100%
Various Donations 80G 100% or 50%
House Rent Allowance 80GG 60,000
Standard Deduction 17(2)(viii) 50,000
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Innovative Financial Management SCO 151-152, First floor, Sector 9-C, Chandigarh (UT)160017
WHATSAPP @ 919915710007 CALL US @ 0172 4243333 EMAIL US @ helpdesk@ifmglobal.in

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