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income tax on payband 2 ? how to get max saving?
i am in india . i am govt. employee . i get my salary according to payband 2 . please let me know how my income tax is calculated . also tell me how i can invest my money that i get maximum income tax saving..
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- ?Lv 78 years agoFavorite Answer
You can invest in schemes under Section 80C like PPF or 5 year bank FD to save tax. The max you can invest is 1 lac. This way you won't pay any income tax upto income of Rs. 3 lacs.
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