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Lost New PSB Clerk (<12L): How Can I Get Tax Exemptions?

Vivek Lala |323 Answers |Ask -Follow

Tax, MF Expert - Answered on Jun 04, 2025

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Question by RAUL on May 13, 2025Hindi

Money

Hello sir, my name is RAHUL SINGH. I am a PSB bank clerk(new joinee) with an net income below 12 lakh. As i don't have much knowledge about taxes and how to fill it. kindly tell me how to get tax exemption as my income is below 12 lakh.

Ans: Hello, as per the New Tax Regime, no taxes for salaried people up to 12.75L including the 75K standard deduction.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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I have a Total Gross Income of 7,69,882? After claiming standard deduction (50k) & professional tax (2.4k) .... Along with 80C (1.5 Lakhs), 80CCD(2B) 50k .... Taxable Income comes to 5,16,882. I am filing ITR for FY 23-24 so no option to invest or something. So what are my options to make it below 5 lakh. After some research I found somethings that are applicable to me but not sure whether i can claim them. Any suggestions would be helpful: 1.> 80D we can claim preventive health checkup upto 5000 that is done in cash. Also I have a health insurance of 1999 so that makes it 6999. But for 5000 can i claim without any receipt? For 1999 I got receipt. Or if not 7000 can i claim a total of 5000(1999 + 3000) though for 300p also i don't have receipt. 2.> Food coupon/ allowance can be claimed under 10(14) (i) upto 26,400. But my employer deducts the food contribution from salary shown in payslip. So can I claim this ? Total amount is 10000 3.>. Also we can claim Internet Allowance under 10(14) (ii) but my employer gives internet allowance named as Other Allowance in payslip. So can I claim that . Its total 6000. Also I donot have bills of broadband. Please suggest if I can claim any of the 3 mentioned or anything other than theses that i can claim

Ans: Do you have any education or housing loan? Saving bank interest can be deducted under section 80 TTA.

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Question by Shyamala - Jun 27, 2024Hindi

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I am 66, my annual income is 8 lacs. What are the income tax saving scheme, so that i can exempted from income tax.

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Question by Yogendra - Sep 09, 2024Hindi

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Dear sir, I hope you are doing great. I am a pensioner (66 yr old). I want to plan income tax deductions for this current financial year. My total income (approximately) for the year would be: Pension (about 1.1 lakh per month): 14 Lakhs NPS Annuity (Rs 8040 per month): 1 lakhs Bank Interest on FD: about 50,000 Net gain on redeemed mutual funds: 2.5 lakhs (depending on the need, it may be more) This is the approximate income that I will have this year. Kindly advise me (i) How much income tax I should be paying? Approximately. (ii) Is there a way to pay income tax from net banking? (iii) Will it be helpful to my income tax if I donate some (about Rs 10000) to a charitable society under section 80 G where there is a 50% IT exemption? Please enlighten me on this. Kindly help me in advance in planning the budget for this small income to make the best use of the deductions. Gratefully yours for your advice, Yogendra

Ans: Hi Sir,

You can choose the new tax regime from next year and pay comparatively less taxes. Doing investments to save tax is not a good idea.
As per your income discussed, tax will have to be paid and there is no way to save that.
You can pay income tax using net banking or upi or card while filing your ITR.
Donating u/s 80G under new tax regime is not applicable.

For you, choosing new regime is better as it will have less tax for you to pay. You will have to pay 1.4 lakhs less tax in new tax regime for FY 2025-26. Total tax paybale - 97500

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https://www.instagram.com/cfpreetika/

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I am 61. I have a partial removable denture(upper). I also have bridges in both upper and lower. I was suggested to go for implants. Will it be okay to go for implants at a later part of the life. Is it safe both health and moneywise ? Will it be cheaper if we go for full implant with 4 in one ; if so it may need to wait for few more year let other teeth will also fall.. Please guide and advise on implants

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Please be assured, AGE isn't a barrier for implants. But overall health is a factor. Your dentist will assess your bone density, gum health, and general medical history before he places your implants.

Implants have some definite advantages over removable dentures. They provide a stable and secure fit, improved chewing and speech.
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Cost-wise, Implants can be more cost-effective in the long run.
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My 12 year old son has 2 parallel lines of teeth. One front and the other behind. So far in the behind only 2 teeths are there one in each side. Will this cause any serious issues for him? He has speech problem. Could this be the reason? Does he need to take any immediate corrective procedure?

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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