How to minimize my income tax ? I am NRI who failed to get exemption this year

POSTED BY Farshid Bokdawalla ON October 6, 2014 5:16 pm ONE COMMENT

Good day Gents

I am an officer in the Merchant navy. Due to an unfortunate accident this year I am unable to complete my mandatory 183 days to achieve NRI status and avail of income tax exemption. I have a PPF account & I have a housing loan also. Apart from these could you please advise me of any instruments or schemes in order to minimize my tax component as I fall under the 30% tax slab. Your views shall be much appreciated. Thanking you,

Best Regards
Farshid Bokdawalla

One reply on this article “How to minimize my income tax ? I am NRI who failed to get exemption this year”

  1. Hemanth says:
    October 7, 2014 at 12:24 am

    You can check ELSS (tax saving mutual funds). But, please consult your financial planner before deciding anything

    Reply

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