ways I can save tax

[Sandesh Ugale]

Im writing this information on behalf of my father because like to know ways I can save his tax.

Facts and figure:

He is government employee.

Annul income: 10 Lakh

Retirement: 2017

Loan: 2 loans

Home: no

Land: yes

Investment: NO

LIC: yes

Medi-claim: NO

AI Summary

Tax-Saving Tips: LIC, PF Deductions Under 80C for Retiring Govt Employee; Explore PPF, NSC, NPS Options An individual seeks advice on tax-saving strategies for their father, a government employee with an annual income of 10 lakh, set to retire in 2017. The father has two personal loans, owns land, but not a home, and holds a life insurance policy. A respondent suggests that personal loan interest is not deductible, but LIC premiums and employer-deducted PF are eligible for deductions under section 80C. They recommend exploring additional tax-saving investments such as PPF, NSC, NPS, bonds, and mediclaims.