Advisory
7 legal opportunities identified, worth approximately ₹20,748 of tax. Each is derived from the statutory limits and re-computed against your actual numbers.
Employer NPS contribution up to 10% of basic + DA (₹1,08,000) is deductible under BOTH regimes. You currently receive ₹54,000, leaving ₹54,000 of headroom. Restructure special allowance into employer NPS — CTC stays the same.
Next step: Request a salary restructuring of ₹54,000 into employer NPS.
Your STCG of ₹65,000 is taxed at 20%. Short-term capital losses can be set off against both short- and long-term gains, and carried forward for 8 years if the return is filed on time.
Next step: Review your portfolio for loss-making positions before 31 March.
You are paying ₹2,40,000 of interest but only ₹2,00,000 is deductible for a self-occupied house. If the property is genuinely let out, the entire interest is deductible against rent, with loss set-off capped at ₹2,00,000 a year and the balance carried forward for 8 years.
Next step: Review whether the property qualifies as let-out, and consider joint ownership so each co-owner claims their own ₹2 lakh.
Long-term gains on listed equity up to ₹1,25,000 a year are exempt. Selling and immediately repurchasing units each year resets your cost base and permanently removes that gain from future tax at 12.5%.
Next step: Book gains up to the exemption before 31 March 2026.
Banks report interest to the department even where no TDS is deducted. Under-reporting interest is the single most common cause of a section 143(1) adjustment notice. Your declared interest is ₹58,000.
Next step: Download AIS/TIS from the e-filing portal and match every entry.
Only ₹3,72,000 of your ₹4,32,000 HRA is exempt. The binding limb is the lowest of the three tests: Actual HRA received ₹4,32,000; Rent paid less 10% of salary ₹3,72,000; 50% of salary (metro) ₹5,40,000.
Next step: Rebalance HRA against special allowance at your next appraisal.
There is no monetary ceiling on 80E. It runs for 8 assessment years from the year repayment starts, and covers loans for self, spouse, children or a student you are the legal guardian of.
Next step: Collect the interest certificate from your lender if you have a loan.
