Hi,

I want to file my income tax returns for the financial year 2012-13 but i would like to ask that whether i can save anything at the last minute in my tax liability by making any changes

The following information is about my gross income and savings mentioned in my Form 16:

Total gross income: Rs.704801

Savings:

under section 80C (CPF, PPF, GSLIS, LIC premium, Mutual funds): Rs.107416

under section 80E (Interest on Education Loan): Rs.3286

Tax on total income: Rs.48820

Education cess @ 3%: Rs.1465

Tax payable: Rs. 50285