Following is a chart showing the list of people for whom you can claim deductions for tax exemption . For example, if you pay LIC Insurance premium , you can claim if got premium paid for
- Yourself
- Spouse
- Children
For further details … see this table … Click to enlarge it ..
To know about the tax slab and an example for calculating tax .. see : http://finance-and-investing.blogspot.com/2008/04/tax-information-for-2008.html
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Thank you for sharing and giving details about how to claim deductions for tax exemption.It is very helpful and useful.
IRS Deductions
Good one and chart is comprehensive.. Keep this good work in month of hightest tax saving done my Indian Salaried class to save tax.