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Tax Saving Guide:: Your Guide to Tax Efficient Living

1A Bajaj Capital Publication

Tax Saving GuideYour Guide to “Tax Efficient Living”

For the Financial Year 2017-18

20th Edition

Tax Saving Guide:: Your Guide to Tax Efficient Living Tax Saving Guide:: Your Guide to Tax Efficient Living

2 3A Bajaj Capital Publication A Bajaj Capital Publication

Proper tax planning is the basic duty of every person, which should be carried out religiously. Basically, there are three steps in the tax planning exercise. You need not consult an Income Tax Practitioner or a Chartered Accountant for this matter.

In fact, you can do it yourself. These three steps of tax planning are:

1. Calculate your Taxable Income for the Financial Year (from April 1 to March 31) from all sources such as salary /pension, interest etc.

2. Calculate tax payable on Annual Taxable Income using a simple tax rate table, given on the next page.

3. After you have calculated the amount of your tax liability, you have two options to choose from: a. Pay your tax (no tax planning is required) b. Minimize your tax through Prudent Tax Planning.

Most people should and do choose Option ‘b’. Here, you have to compare the advan-tages of several tax saving schemes and depending upon your age, social liabilities, tax slab and personal preferences, decide on the right mix of investments/insurance plans, which shall reduce your tax liability to Zero or to the “Minimum” possible. You may con-sult your Financial Planner for distributing your savings in various tax saving schemes.

The following rates are applicable for computing tax liability for the current Financial Year ending on March 31, 2018, i.e. Assessment Year 2018-19

For Individuals below 60 years of age (born on or after April 2, 1958) and HUFs

We thank our esteemed clients and read-

ers for their overwhelming response to the

19th Edition of our “Tax Saving Guide”. We

are pleased to present the 20th Edition of

the same, which is relevant for the current

financial year, i.e. April 1, 2017 to March

31, 2018 (Assessment year 2018-2019).

Our endeavour is to present the complex

provisions of the Income Tax Act in a sim-

plified manner that can be understood by a

common investor as well as a layman. Your

suggestions for any improvement in this

guide are most welcome.

Hurray!It’s Tax Saving Day!!

Net Income Range Income Tax Rates Surcharge Plus Education CessUp to Rs. 2,50,000 Nil Nil NilRs. 2,50,001 to Rs. 5,00,000 5% of income above Nil 3% of income tax Rs. 2,50,000 Rs 5,00,001 to Rs 10,00,000 Rs. 12,500 + 20% of the income Nil 3% of income tax above Rs. 5,00,000Rs.10,00,001 to Rs.50,00,000 Rs. 1,12,500 + 30% of income Nill 3% of income tax above Rs. 10,00,000Rs.50,00,001 to 1,00,00,000 Rs. 13,12,500 +30% of income 10% of 3% of income tax and above 50,00,000 income tax surchargeAbove 1,00,00,000 Rs. 28,12,500 +30% of income 15% of 3% of income tax and surcharge above 1,00,00,000 income tax surcharge



Taxable Income Tax Surcharge Ed Total Income Tax Surcharge Ed Total Income Tax Surcharge Ed Total Income Tax Surcharge Ed Total

income

250000 Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

270000 1000 Nil 30 1030 Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

300000 2500 Nil 75 2575 Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

320000 3500 Nil 105 3605 1000 Nil 30 1030 Nil Nil Nil Nil Nil Nil Nil Nil

400000 7500 Nil 225 7725 7500 Nil 225 7725 5000 Nil 150 5150 Nil Nil Nil Nil

500000 12500 Nil 375 12875 12500 Nil 375 12875 10000 Nil 300 10300 Nil Nil Nil Nil

800000 72500 Nil 2175 74675 72500 Nil 2175 74675 70000 Nil 2100 72100 60000 Nil 1800 61800

1000000 112500 Nil 3375 115875 112500 Nil 3375 115875 110000 Nil 3300 113300 100000 Nil 3000 103000

5000000 1312500 Nil 39375 1351875 1312500 Nil 39375 1351875 1310000 Nil 39300 1349300 1300000 Nil 39000 1339000

10000000 2812500 281250 92813 3186563 2812500 281250 92813 3186563 2810000 281000 92730 3183730 2800000 280000 92400 3172400

10400000 2932500 439875 101171 3473546 2932500 439875 101171 3473546 2930000 439500 101085 3470585 2920000 438000 100740 3458740

10600000 2992500 448875 103241 3544616 2992500 448875 103241 3544616 2990000 448500 103155 3541655 2980000 447000 102810 3529810

Non-resident individual/HUF/AOP Resident Individual(<60 yrs) Resident Senior Citizens( >60 but <80 yrs) Resident Super Senior Citizens( >80 yrs)

For a Resident Super Senior Citizen (who is 80 years or more at any time during 2017-18 (born before April 2, 1938)

For a Resident Senior Citizen (who is 60 years or more at any time during the current Financial Year 2017-18 but not more than 80 years on 31st March 2018 (born on or after April 2,1938 and before April 2,1958)

Net Income Range Income Tax Rates Surcharge Plus Education CessUp to Rs. 3,00,000 Nil Nil NilRs.3,00,001 to Rs.5,00,000 5% of the income above Nil 3% of income tax Rs.3,00,000Rs. 5,00,001 to Rs. 10,00,000 Rs. 10000 + 20% of the income Nil 3% of income tax above Rs. 5,00,000Rs.10,00,001 to Rs.50,00,000 Rs. 1,10,000 + 30% of income Nill 3% of income tax above Rs. 10,00,000Rs.50,00,001 to 1,00,00,000 Rs. 13,10,000 +30% of income 10% of 3% of income tax and surcharge above 50,00,000 income tax surchargeAbove Rs.1,00,00,000 Rs. 28,10,000 +30% of income 15% of 3% of income tax and surcharge above 1,00,00,000 income tax surcharge

Net Income Range Income Tax Surcharge Plus Education CessUp to Rs. 5,00,000 Nil Nil NilRs. 5,00,001 to Rs. 10,00,000 20% of the income Nil 3% of income tax above Rs. 5,00,000Rs.10,00,001 to Rs.50,00,000 Rs. 1,00,000 + 30% of income Nill 3% of income tax above Rs. 10,00,000Rs.50,00,001 to 1,00,00,000 Rs. 13,00,000 +30% of income 10% of 3% of income tax above 50,00,000 above 50,00,000 income tax and surchargeAbove Rs.1,00,00,000 Rs. 28,00,000 +30% of income 15% of 3% of income tax surcharge above 1,00,00,000 income tax and surcharge



Note -1) For Financial Year 2017 – 18 (Assessment Year 2018 – 19), Rebate u/s 87A- A

resident individual (whose net income does not exceed Rs. 3,50,000) can avail re-bate u/s 87A.It is deductible from income tax before calculating education cess.The amount of rebate is 100 per cent of income tax or Rs. 2,500, whichever is less.

2) Surcharge – a) 10% of the Income Tax, where taxable income is more than Rs. 50 lacs and

upto Rs. 1 crore. However, the amount of Income Tax and Surcharge shall not increase the amount of income tax payable on a taxable income of Rs.

50 lacs by more than the amount of increase in taxable income. b) 15% of the Income Tax, where taxable income is more than Rs. 1 crore. However, the amount of Income Tax and Surcharge shall not increase the

amount of income tax payable on a taxable income of Rs. 1 crore by more than the amount of increase in taxable income.

3) Education Cess : 3% of the total of Income Tax and Surcharge.

Filing of Income Tax Return

1. Filing of income tax return is compulsory for all individuals whose gross annual in-come exceeds the maximum amount which is not chargeable to income tax i.e.Rs. 3,00,000 for Resident Senior Citizens,Rs.5,00,000 for Resident Super Senior Citi-zens and Rs. 2,50,000 for other individuals and HUFs.

2. The last date of filing income tax return for individuals is July 31, with one exception covered in point 3 below.

3. Where accounts of the assessee are required to be audited under any law, the last date for filing the return is September 30.

4. If income tax return is filed after the Assessment Year, a penalty of Rs. 5,000/- will be levied.

Tax Free Incomes

The following incomes are completely exempt from income tax without any upper limit.

1. Interest on PPF/GPF/EPF.2. Interest on GOI/other approved tax free bonds.3. Dividends on Shares and on Mutual Funds.4. Any sum received under a life insurance policy (including the sum allocated by way

of bonus on such policy) either on the death of the insured or on the maturity of life insurance plan. However, in case of life insurance policies issued after March 31, 2004, exemption on maturity payment u/s 10(10D) is available only if the premium paid in any year does not exceed 20% of the sum assured.This provision has been further amended from the current financial year and now maturity proceeds from Life Insurance Plan will be exempt from Income Tax only when the annual premium paid is not higher than 10% of sum assured. This is applicable to policies issued on or after 1st April 2012.

5. Interest on savings bank account in a post office.(Exempt up to Rs 3,500 in an indi-vidual account and Rs 7,000 in a joint account under section 10 (15) (i) )

6. Long term capital gain on sale of shares and equity mutual funds if the security transaction tax is paid/imposed on such transactions.

Dividend IncomeDividend income from companies /equity-oriented Mutual Funds is completely exempt in the hands of investors. The Dividend is also tax-free in the hands of investors in caseof debt-oriented Mutual Fund schemes.

Gift Tax: Gift tax was abolished with effect from October 1, 1998. The gifts are no-longer taxable in the hands of donor or donee. However, with effect from September 1, 2004, any gift received by an individual or HUF will be included in taxable income, provided the amount of gift exceeds Rs 50,000.

However, gifts received from any of the following will continue to remain tax free:1. Spouse2. Brother or sister3. Brother or sister of the spouse4. Brother or sister of either of the parents of the individual5. Any lineal ascendant or descendant of the individual



6. Any lineal ascendant or descendant of the spouse of the individual7. Spouse of the person referred to in (2) or (6) Also, gifts received on the occasion of marriage or under a will by way of

inheritance are also tax free

Computation of Gross Taxable Income

As per Income Tax, Income of a Person is Computed under the following 5 Heads :1. Income from Salaries2. Income from House Properties3. Profit & Gains of Business & Profession4. Capital Gains5. Income from Other Sources

Now we will discuss in detail about the taxability of these sources of income.

1. Salary or Pension IncomeSalaried employees are issued a certificate of tax deducted at source from salary in-come by their employers in Form No. 16. It also gives the Net Taxable Salary figure.

2. Income from House PropertyIf the property is self occupied then the Income from House Property is treated as NIL. If any loan is taken for the purchase of the property then the amount paid towards interest upto a maximum of Rs.2,00,000/- is deducted from taxable income. In case property is given on rent,then we have to find out the

3. Annual Rental Income4. From this deduct Property Tax/Municipal tax if any paid by the owner.5. From balance amount – deduct 30% towards repairs & maintenance6. From the residual figure – deduct the amount of interest paid on loan taken for the

purchase of the property.7. The resultant figure is the Income from House Property. 8. Deduction under section 80EE for interest upto Rs.50,000/- ( Please see detail on

page no-19)

3. Profit from Business / ProfessionIncome as arrived on the basis of Profit & Loss A/c

4. Income from Other SourcesInterest Income from the following sources is also required to be included in the GrossTaxable Income:

1. Interest on company deposits.2. Interest on debentures/bonds.3. Interest on savings bank account/ fixed deposits with banks.4. Interest on post office savings schemes like MIS, NSC, Time Deposit etc.

5. Interest on private loans given to relatives, friends or any other entity.6. Interest on government securities.

Tax Deduction at Source (TDS)Interest payments by companies on Fixed Deposits.Income tax is deducted @10% in case the interest exceeds Rs 5,000 in a financial year.

Interest payments by Financial Institutions /Banks.Income Tax is deducted @10% in case the interest amount exceeds Rs. 10,000 in a financial year.

Interest payments by Post office on notified deposit scheme with post office, i.e., Senior Citizen Savings Scheme,2004 Income Tax is deducted @10% in case the interest amount exceeds Rs. 10,000 in a financial year.

Interest payments by Housing Finance Companies /Banks.Income tax is deducted @10% in case the interest exceeds Rs. 10,000 in a financial year .

NOTE:1) TDS rate is 10 per cent (no surcharge, education cess, etc.).If the recipient does not

furnish his PAN to the deductor, the tax will be deducted at the rate of 20 per cent.

2) Deduction of income tax at source can be avoided by filing Form 15G in duplicate (15 H for senior citizens). However, such forms can be submitted only by individu-als whose total income in the financial year is expected to be below the maximum amount not chargeable to tax.

5.Capital GainsCapital gain arises when certain assets like property (plot or a built up commercial / residential unit) or shares/mutual fund units/bonds etc are sold for a profit. The treat-ment of capital gains is slightly different from other sources of income as listed above. It mainly depends upon whether the capital gain (profit on sale) is short term or long term.

5A. Short Term Capital GainAs per section 2(42A)Short term capital Asset means a capital asset held by an asses-see for not more than 36 months immediately prior to its date of transfer. However in few cases, an asset (held for not more than 12 months)is treated as short term capital asset. The table given below gives the list of capital assets ( before and after amend-ment)which are treated as short term capital assets if period of holding is not more than 12 months-



If transfer takes place on or beforeJuly 10 ,2014

1) Equity or preference shares in a company (whether share are quoted or not)

2) Securities (like debentures,bonds, Govern-ment securities,derivatives etc.) listed in recognised stock exchange in India

3) Unit of UTI (whether quoted or not)4) Units of mutual funds specified under sec-

tion 10(23D) (whether quoted or not)5) Zero coupon bonds (whether quoted or not)

If transfer takes place afterJuly 10 ,2014

1) Equity or preference shares in a company (listed in recognised stock exchange in India)

2) Securities (like debentures,bonds, Govern-ment securities,derivatives etc.) listed in recognised stock exchange in India

3) Unit of UTI (whether quoted or not)4) Units of equity oriented fund (whether

quoted or not)5) Zero coupon bonds (whether quoted or not)

After the aforesaid amendment (in case transfer takes place after July 10,2014) un-listed equity or preference shares will become long term capital assets only if the period of holding is more than 24 months w.e.f. FY 2017-18 or AY 2018-19.Likewise, units of debt oriented fund will be treated as long term capital assets only if period of holding is more than 36 months.

Capital gain arising on transfer of a short term capital asset is short term capital gain.

Short term capital gain is included in the gross taxable income like other sources of income and normal rates of tax apply, which depend on the gross taxable income from all sources including short term capital gains.With effect from October 1, 2004, the only exception is short term capital gains from sale of equity shares or units of equity oriented mutual fund schemes. In this case, short term capital gains are taxed at a flat rate of 15% plus education cess, irrespective of the tax slab on other sources of income, provided securities transaction tax is paid on such sale.

5B. Long Term Capital GainAn asset other than a short term capital asset is regarded as a long term capital asset.

Capital gain arising on transfer of a Long term capital asset is Long term capital gain.

With effect from October 1, 2004, long term capital gain on transfer of listed shares/units of equity oriented mutual funds schemes has been exempted from tax, provided securities transaction tax has been paid on such sale.For assets other than listed shares/units of equity oriented mutual fund schemes, tax is payable in respect of long term capital gains at a flat rate of 20% and the amount of gain has to be adjusted for inflation. This inflation adjustment is known as indexation benefit. Every year the Government of India announces inflation adjustment rate for the purpose of long term capital gain. A detailed chart is given below:

Financial Year Cost Inflation Indexation

2001- 02 100

2002-03 105

2003-04 109

2004-05 113

2005-06 117

2006-07 122

2007-08 129

2008-09 137

2009-10 148

2010-11 167

2011-12 184

2012-13 200

2013-14 220

2014-15 240

2015-16 254

2016-17 264

2017-18 272



Tax on long-Term Capital Gains arising from sale/transfer of units (upto 10th July 2014)Under the existing provision, long term capital gain is taxable at the rate of 20 %. Howev-er, a concessional rate of 10% is applicable in few cases if the long term capital gain is calculated without taking into consideration the benefit of indexation. The concessional rate is presently available in the following cases - 1.) Listed shares, listed bonds / debentures. 2.) Government securities.3.) Units of UTI or a mutual fund (listed or not) 4.) Zero coupon Bonds.

After 10th July 2014If transfer takes place after July 10, 2014, the above concessional rate of 10 % will not be available in the case of long term capital gain which arises on the transfer of units. As long term capital gain on transfer of units of equity oriented mutual funds exempt under section 10(38) (if securities transaction tax is applicable) the amendment will increase tax liability only in the case of long term capital gain on transfer of units of debt oriented mutual fund.

Example 1:Mr. Kumar had invested Rs 2,00,000 in a Bond Fund (debt-oriented Mutual fund Scheme) on June, 2014. He redeemed his investment on September, 2017 and re-ceived redemption proceeds of Rs 2,85,000.so his Capital Gain is as follows

Rs.200000 X 272 (CII of 17-18) _________________ = Rs.2,26,667 240 (CII of 14-15)

The long term capital gain is (Rs.2,85,000-Rs.2,26,667) = Rs.58333. on which he is required to pay capital gain tax of Rs.11,667 @ 20% plus education cess.

Section 54 ECIn order to save capital gain tax, the total amount of Long -Term Capital Gain (after avail-ing indexation benefit) has to be invested in any of the following two schemes specified under section 54EC (upto Rs.50 lakhs only):

1. Bonds issued by Rural Electrification Board (REC)2. Bonds Issued by NHAI (National Highways Authority of India) 3. Bonds Issued by Power Finance Corporation (PFC) 4. Bonds Issued by Indian Railway Finance Corporation (IRFC)

NOTE:The maximum Investment in capital gain tax saving bond can be 50 lakhs only (for sec-tion 54EC benefits)

Example 2:Mr. Das bought a flat for Rs 25,00,000 in August 2009. He sold this flat in September 2017 for a net consideration of Rs. 80,00,000. Income tax payable on capital gain of Rs. 55,00,000 earned by him shall be as follows:



Adjustment of purchase price:Purchase Price x (Cost inflation index in the year of sale/ cost inflation index in the year of purchase)

25,00,000 x (272/148) = Rs.45,94,595

Thus, Mr. Das has earned a Long Term capital gain of Rs.34,05,405 (Rs.80,00,000 - Rs.45,94,595). Now, if he decides to pay tax, he has to pay 20% of Rs.34,05,405 (i.e Rs.6,81,081) along with education cess. Alternatively, he can save this tax liability by investing Rs.34,05,405 in either of the capital gain bonds as explained while discuss-ing section 54EC

Important point to note:1. Short Term Capital Loss can be set off against any capital gain, whether Short

Term or Long Term.2. However, Long Term Capital Loss can only be set off against Long-term Capital

Gain.3. Unabsorbed Short-Term Capital Loss can be carried forward for eight years.4. Similarly, unabsorbed Long Term Capital Loss can also be carried forward for

eight years and can be set off only against Long Term Capital Gain.

Deductions from Taxable Income:

Deduction under section 80C

Under this section, a deduction of up to Rs. 1,50,000 is allowed from Taxable Income in respect of investments made in some specified schemes.

Specified Investment Schemes u/s 80C and u/s 80CCC

1. Life Insurance Premiums ( in case of life insurance policies issued after March 31, 2004, exemption on maturity payment u/s 10(10D) is available only if the pre-mium paid in any year does not exceed 20% of the sum assured.

The above provisions have been amended with effect from the assessment year 2013-14 to reduce the threshold of premium payable to 10 per cent of the actual sum assured from 20 per cent of the actual sum assured. (Applicable only in case of policies issued on or after April 1,2012)

2. Employee’s Contributions to Employees Provident Fund/GPF3. Contribution to Public Provident Fund4. NSC (National Savings Certificates)5. Unit Linked Insurance Plan (ULIP)6. Repayment of Housing Loan (Principal)7. Equity Linked Savings Scheme (ELSS) of Mutual Funds

8. Tuition Fees including admission fees or college fees paid for the full-time educa-tion of any two children of the assessee (Any development fees or donation or pay-ment of a similar nature shall not be eligible for deduction).

9. Interest accrued in respect of NSC VIII issue.10. Pension scheme of LIC of India or any other insurance company.11. Fixed Deposit with Banks having a lock-in period of 5 Years12. Amount deposited under Post Office Senior Citizens Scheme. 13. Amount deposited in Five Year Time Deposit Scheme in Post Office14. Amount deposited in the NABARD (Rural Development Bonds of NABARD)15. Deposit in Sukanya Samriddhi Account.

Notes:1. There are no sectoral caps on investment in the new section and the assessee is

free to invest Rs. 1,50,000 in any one or more of the specified instruments.2. Amount invested in these instruments would be allowed as deduction irrespective

of the fact whether (or not) such investment is made out of income chargeable to tax.

3. Section 80C deduction is allowed irrespective of the assessee’s income level. Even persons with taxable income above Rs. 10,00,000 can avail the benefit of section 80C.

Please note that because the deduction is allowed from taxable income, the exact sav-ings in tax will depend upon the tax slab of the individual. Thus, a person in the 30% tax slab can save income tax up to Rs. 46350 ( Tax plus education cess ) by investing Rs. 1,50,000 in the specified schemes u/s 80C.

Section 80CCD: Deduction in respect of Contribution to National Pension Scheme (NPS)

Employee’s contribution – Section 80CCD(1)Allowed to an Individual who makes deposits to his/her NPS account. Maximum deduc-tion allowed is 10% of salary (in case of taxpayer being an employee) or 10% of gross to-tal income (in case of tax payer being self employed) or Rs 1,00,000 whichever is less.The limit of Rs 1,00,000 has been increased to Rs 1,50,000 from financial year 2015-16 (assessments year 2016-17).

Employer’s contribution – Section 80CCD(2)Maximum deduction available in respect of employer’s contribution is allowed up to 10% of the salary of the employee.

Additional deduction under section 80 CCD(1B) Section 80CCD(1B) provides additional deduction for amount contributed to NPS of up to Rs 50,000.



Therefore Total Deduction under Section 80C, 80CCC, 80CCD(1) and 80 CCD(1B) can-not exceed Rs 2,00,000.

Deduction under section 80CCG (Rajiv Gandhi equity saving scheme).( In respect of investments made under approved equity saving scheme by a resident individual assessee)

Section 80CCG has been introduced with effect from the assessment year 2013-14.

Conditions-Deduction under this section is available only if the following conditions are satisfied

a. Gross total income does not exceed Rs. 12 Lacs.(from the assessment year 2014-15)b. Assessee has acquired listed shares (or listed units from the assessment year

2014-15)in accordance with a notified scheme.c. The assessee is a new retail investor as specified in the above notified scheme.d. The investment is locked in for a period of 3 years from the date of purchase in

accordance with the above scheme.

Amount of deduction*** The amount of deduction is 50% of amount invested in notified equity shares (or listed units from the assessment year 2014-15) provided all the above conditions are satis-fied. However, the amount of deduction under this section cannot be more than Rs. 25,000

*** The Union Budget announced on 2nd Feb 2017 proposed that the deduction un-der Section 80CCG will no longer be allowed from financial year 2017-18 for any new investors.However, an assess who has claimed deduction under Section 80CCG for the financial year 2016-17 or before and has an unclaimed amount of investment carried forward, then he or she shall be allowed to claim the deduction under this Section till the finan-cial year 2018-19.

Period of deduction -If any deduction is claimed by a taxpayer under section 80CCG for the assessment year 2013-14, he shall not be entitled to any deduction under this section for any sub-sequent year. However, this provision has been amended from the assessment year 2014-15. The modification provision permits deduction for three consecutive assess-ment years, beginning with the assessment year relevant to the previous year in which the listed equity share or listed units of equity oriented fund are first acquired.This scheme is open to new retail investor. tIt is also open to those who have opened the demat account but have not made any transaction in stock and/or in derivatives till the date of notification of this scheme.

Deduction under section 80D (Health / Medical Insurance)Under this section, deduction of up to Rs 60,000 can be claimed in respect of pre-mium paid by any mode other than cash* towards health insurance policy of various General Insurance companies like Apollo Munich’s easy health and optima plus(top up plan),Max Bupa health companion ,Star Health’s Senior Citizen-Red Carpet etc.. Such premium can be paid towards health insurance of spouse, parents as well as depend-ent children. as per following table:

Scenarios Health Insurance premium paid for & Maximum tax deduction limits Self Spouse & Parents (whether Total Deduction Dependent Children dependent or not) under Section 80D

No one in your family has up to Rs.25000 up to Rs.25000 Rs.50000 attained 60 years of age

The eldest member in your up to Rs.25000 up to Rs.30000 Rs.55000family (yourself, spouseand dependent children)is less than 60 years &your parents (either motheror father) are above 60years of age)

The eldest member in up to Rs.30000 up to Rs.30000 Rs.60000 your family (yourself, spouse and dependent children) has attained 60 years & your parents (either mother or father) are above 60 years of age)

* Payment should be made by any mode other than cash. However payment on account of preventive health check up can be made by any mode (including cash).

Accordingly a person who falls in the 30% tax bracket can save income tax up to Rs 18,540/- ( Tax plus education cess ) by paying Rs 60,000/- as premium for “Health Insurance” policy in a year.

Deduction under section 80EEDeduction in respect of interest on loan taken for residential house property (sec 80 EE, applicable from the assessment year 2017-18 onwards )Deduction u/s 80EE is available if the following conditions are satisfied_1) The assessee is an individual.2) He has taken a loan from a financial institution. Financial instituion is a bank or a house financial company3) The loan has sanctioned by the financial institution during the F.Y 2016-17.



4) The amount of loan sanctioned for acquisition of the residential house property does not exceed Rs.35 Lakh.5) The value of residential house property does not exceed Rs.50 lakh.6) The assessee does not own any residential house property on the date of sanction of loan.

Amount of deductionIf the above conditions are satisfied, the assessee can claim deduction under section 80EE. Deduction is available in respect of interest payable on the above loan or Rs.50000 whichever is less. Deduction is available for the AY 2018-19 and subsequent assessment year.

If the deduction is claimed u/s 80EE, no deduction will be allowed in respect of such income under any other provision of the Act for the same or any other assessment year.

Deduction under section 80TTASection 80TTA has been introduced with effect from the assessment year 2013-14. It provides a maximum deduction up to Rs.10,000 to an assessee ( being an individual or a HUF) in respect of any income by way of interest on Saving Accounts with Banks/Post Office.

Post office savings bank interest exemption under section 10 (15) (i) -Post office sav-ings bank interest is exempt up to Rs. 3,500 (in an individual account) and Rs. 7000 ( in a joint account) U/s 10(15)(i) cumulative impact of sections 10(15)(i) and 80TTA is as follows-

Intrest on post office savings bank U/s 10(15)(i) Exemption up to Rs. 3,500 in a single account and Rs.7,000 in a joint accountIntrest on savings account with bank /post office Deduction up to Rs. 10,000u/s 80TTA

Rebate Under section 87ARebate of Rs. 2,500 for resident individuals having total income up to Rs. 3.5 lakh.

This rebate will be available if the following two conditions are satisfied- 1) Taxpayer is a resident individual, 2) His total income or net income or taxable income ( gross total income minus deduction under sections 80C to 80U) is Rs. 3.5 lakh or less.

The amount of rebate is 100 per cent of income tax or Rs. 2,500, whichever is less. Maximum rebate available under section 87A has been decreased from Rs.5000 to Rs.2500 with effect from AY 2018-19. Rebate under this section is not available in the case of a non-resident individual,resident or non-resident HUF/AOP/BOI or any taxpayer other than resident individual.

Deduction under section 24(b)Under this section, interest on borrowed capital for the purpose of house purchase or construction is deductible from taxable income up to Rs. 2,00,000 with some condi-tions to be fulfilled.

An Example of Prudent Tax PlanningMr Amit, 35, a manager in a MNC earns an annual salary income of Rs. 13,90,000/-. He has existing investments of Rs 2 lacs in 8% GOI Bonds and Rs 2 lacs in 6.5% Tax-Free Bonds. He has also taken housing loan. In the F.Y. 2017-18, he shall pay a total sum of Rs 2,00,000/- towards the refund of Housing Loan and the break-up will be Rs 40,000/- as principal and Rs 1,60,000/- as Interest. His contribution to PF has been Rs 20,600/-. He also has earned Rs 18,500/- from interest of his Savings Bank Account. He visits his Reletionship Manager at Bajaj Capital Centre for tax saving. His Relation-ship Maneger at Bajaj Capital Centre facilitated the following:

1. Contribution to a Ulip Plan (IPRu Life) for Retirement with a premium of Rs.40,000/-2. Contribution to a Child Plan (HDFC Life Youngstar Udaan) for Child’s education with

a premium of Rs 40000/-3. SIP Contribution into Axis Long Term Equity Fund (ELSS Fund) worth Rs 3,000/

monthly4. Contribution into Cigna TTK( Health Insurance) worth Rs 15,000/-5. Contribution into National Pension system ( NPS ) 50000

Particulars Amount

Salary 1390000

Income from other sources (Interest on Taxable GOI Bonds) 16000

Interest Income from Savings Bank Account 18500

Taxable Income 1424500

LESS:

1. Deduction u/s 24(b)

Interest on Housing Loan 160000

2. Deduction u/s 80C , 80CCC(1) and 80 CCD (1B)

Ulip Plan (I Pru Life) 40000

Child Plan (HDFC Life Youngstar Udaan) 40000

Contribution to PF 20600

Housing Loan Repayment 40000

M F Investment into Axis Long Term Equity Fund (ELSS Fund) 36000

Contribution to NPS 80 CCD (1B) 50000

226600

Restricted to 200000

3. Deduction u/s 80TTA

Interest Income from saving bank Account 18500



Particulars Amount

Restricted to 10000

4. Deduction u/s 80D

Apollo Munich’s( Health Insurance) 15000

TOTAL DEDUCTION 385000

Net Taxable Income 1039500

Income Tax Liability:

0-2,50,000 0

2,50,001-5,00,000 @ 5% 12500

5,00,001-10,00,000 @ 20% 100000

10,00,001-10,39,500 @ 30% 11850

Total Income Tax 124350

Education Cess @ 3% 3731

Total Income Tax payable by Mr. Amit 128081

The total tax liability of Mr. Amit without Tax Planning investments under section 80C and 80D is Rs.1,94,516 (tax-Rs.1,88,850, education cess Rs.5,666). The tax liability after investments under section 80C, and 80D is reduced to Rs.1,28,081. Hence, Mr. Amit has saved Rs.66435 in taxes (Rs.1,94,516 - Rs.1,28,081) and also has secured his future by Planning for his retirement and children education etc.Example of Prudent Investment cum Tax Planning for a ‘Just retired’ person.

Mr. Ramesh Kumar retired at the age of 60 years as a librarian on 1st April, 2017. He received total retirement benefits amounting to Rs.35.5 lacs, including Provident Fund, Gratuity, Leave encashment etc. Mr. Kumar is entitled to a life long monthly pension of Rs.30,000/-. Also he has a PPF Account where the accumulated balance is Rs.8 lacs. Besides, 15 years ago he bought a mediclaim plan covering himself, his wife and he is regularly paying health insurance premium of Rs.20,000/- per annum, to New India Assurance Company Ltd.

Just after retirement, Mr. Kumar consults his Relationship Manager at Bajaj Capital and decides to invest his retirement benefits of Rs.35.5 lacs as per details given below:

Name of the Scheme Amounta) 7% Fixed Deposit with his Bank 1700000

b) Post office MIS 450000

c) Investment in Templeton India short term income plan 250000

d) Equity Mutual Funds ( Dividend Option) 600000

e) Contribution to PPF Account 40000

f) Systematic Investment Plan (SIP) in ELSS scheme 60000

(Axis Long Term Equity Fund) @ Rs.5000/- per month.

g) Premium of Mediclaim 20000

h) Balance in Post Office Saving Bank a/c 100000

i) Balance left in Saving Bank a/c with his bank for day - to - day needs and Emergency purpose 330000

TOTAL 3550000

Tax liability of Mr. Ramesh Kumar for Financial Year April 2017 to 31st March 2018 will be computed as under:-

Thus, Mr. Kumar has to pay total tax of Rs.2392/- only on his Total Income of Rs.667350/- with the help of efficient tax saving executed by the Relationship Manager at Bajaj Capital.

Calculation of Income Tax:-First 3,00,000/- NILBalance 46450/-@ 5% 2322Income Tax 2322Add: Education Cess @ 3% 70Total Tax payble 2392

Particulars Total Income Tax free Taxable Income Incomea) Pension ( 30000 x 12 ) 360000 360000

b) Intrest Income on 7% Fixed Deposit from Bank 119000 119000

c) Intrest Income on Post office MIS @ 7.5% 33750 33750

d) Dividend from Templeton India short term income

(Assuming annual return to be 6% per plan annum) 15000 15000

e) Dividene @ 10% from Equity Mutual Funds 60000 60000

f) Intrest on PPF Account(Intrest @ 7.8% on 800000/-) 62400 62400

g) Intrest on post office Saving Bank a/c 4000 3500 500

h) Balance left in Saving Bank a/c with his bank for

day to day needs and Emergency purpose @ 4% pa 13200 13200

Total : 667350 140900 526450

Computation of Taxable Income Amount(Rs.) Amount(Rs.)Total taxable Income 526450

Less: Deduction u/s 80 C

(for contribution to PPF,Bank FD & ELSS) 150000

Deduction u/s 80D 20000

(Mediclaim premium)

Deduction u/s 80TTA 10000

( Intrest on saving bank account upto Rs.10000/-)

Total Deduction from taxable income 180000Net Taxable Income 346450



Important Note:1. Out of the total retirement benefits of Rs.35.5 lacs, Rs.21.50 lacs have been invested

in fixed income interest bearing safe investment schemes to ensure regular flow of assured income.

2. An amount of Rs 6.00 lacs has been invested in Mutual Funds to ensure proper As-set Allocation,

3. An amount of Rs.2.50 lacs is invested in short term scheme of Mutual Fund to en-sure

a) Liquidity b) Tax free dividend.4. Rs.60,000/- is invested in ELSS scheme through SIP a) To save tax u/s 80 C b) To reap the benefits of stock market by disciplined investments. 5. Return from investment in ELSS Scheme can be received either as dividend or as

long term capital gain after 3 years.

Dividend as well as long term capital gains from ELSS scheme are exempt from income tax.

Please remember that there is a lock-in of 3 years in ELSS Scheme. Also investments in ELSS Schemes are subject to market risks.

Example 2Prudent Investment cum Tax Planning for a ‘Just retired’ person.

Mr. Ojha retired at the age of 60 years from a senior position in a reputed MNC on June 1, 2017. He received total retirement benefits amounting to Rs.2.20 Cr., includ-ing PF, Gratuity, Leave encashment etc. His own existing investments corpus in equity, debt, ppf, tax free bonds, etc. is 2.40 Cr. Mr. Ojha is entitled to a lifelong monthly pen-sion from superannuation fund @ Rs.100000/-. Besides this he also has an existing mediclaim plan covering himself, his wife and he is regularly paying health insurance premium of Rs.25000/- per annum to New India Assurance Company Ltd.

Just after retirement, Mr.Ojha consults his Relationship Manager at Bajaj Capital Ltd. and decides to rebalance his toal portfolio as per details given below:

Name of the Scheme Amounta) Open Ended Debt Fund in Dividend option (Assuming return@8% P.A.) 15000000

b) Post office MIS (In Joint Names @ 7.5% P.A.) 900000

c) Investment in Templeton India short term income plan (Dividend Option) 400000

d) Open Ended Diversified Equity MF Schemes in Dividend option (Assuming return@12% P.A.) 20000000

e) PPF Account 4000000

f) Tax Free bonds 5000000

h) Premium of Med-claim 25000

I) Balance in Post Office Saving Bank a/c 100000

j) Balance left in Saving Bank a/c with his bank for day - to - day needs and Emergency purpose 575000

46000000

Particulars Total Income Tax free Taxable Income Incomea) Pension ( 100000 x 12 ) 1200000 1200000

c) Interest Income on Post office MIS @ 7.5% 67500 67500

e) Dividend received from Debt Fund Investment 1200000 1200000

(Assuming return@8% P.A.) on 1.5 Crores

f) Interest on Tax Free bond @ 6.5% P.A. on 50 lacs 325000 325000

g) Dividend received from Templeton India short term income 24000 24000

plan (Assuming return@ 6% P.A.)

h) Dividend received from Open Ended Diversified Equity 2400000 2400000

MF Schemes in Dividend option (Assuming return @ 12% P.A.)

I) Interest on PPF Account (% @ 7.8% on 4000000/-) 312000 312000

j) Interest on post office Saving Bank a/c 4000 3500 500

k) Interest on Balance left in Saving Bank a/c with his bank for 23000 23000

day to day needs and Emergency purpose @ 4% pa

Total : 5555500 4264500 1291000

Computation of Taxable Income Amount(Rs.) Amount(Rs.)Total taxable Income 1291000

Less: Deduction u/s 80 C

(for contribution to PPF,Bank FD & ELSS) 150000

Deduction u/s 80D (Mediclaim premium) 25000

Deduction u/s 80TTA 10000

( Intrest on saving bank account upto Rs.10000/-)

Total Deduction from taxable income 185000Net Taxable Income 1106000

Existing Investments Amounta) Open Ended Debt Fund 15000000

b) Tax Free bonds 5000000

c) PPF 4000000

d) Bank A/C (Retirement Benefits) 22000000

TOTAL 46000000

After Implenting Rebalancing Recommendation given by his relationship manager in Bajaj Capital

His Tax Liability Calculations



Conclusion: Every citizen has a fundamental right to avail all the tax incentives provided by the government. Therefore, through prudent tax saving, not only is the income tax liability reduced, but also a better future is ensured due to compulsory savings in highly safe government schemes. We sincerely advise all our readers and clients to plan their investments in such a way that the post-tax yield is the highest possible keeping in view the basic parameters of safety and liquidity.

Disclaimer: Bajaj Capital Limited (BCL) has taken due care and caution in compilation and presenting factually correct data contained hereinabove. While BCL has made every effort to ensure that the information /data being provided is accurate, BCL does not guarantee the accuracy, adequacy or completeness of any data/information in the guide and the same is meant for the use of the recipient and not for circulation. Read-ers are advised to satisfy themselves about the merits and details of each investment scheme before taking any investment decision. BCL does not hold themselves liable for any consequences, legal or otherwise, arising out of use of any such information / data and further states that it has no financial liability whatsoever to the recipient /readers of this guide. BCL nor any of its directors /employees /representatives accept any li-ability for any direct or consequential loss arising from the use of the information/data contained in the guide or any information/data generated from the guide .Any dispute arising in future shall be, subject to the exclusive jurisdiction of court(s) at Delhi.

Net Income Range Tax Slab Tax LiabiltyUp to Rs. 3,00,000 Nil Nil

Rs.3,00,001 to Rs.5,00,000 5% of the income above 10000

Rs.3,00,000

Rs. 5,00,001 to Rs. 10,00,000 20% of the income above 100000

Rs. 5,00,000

Rs.10,00,001 to Rs.1106000 30% of income above 31800

Rs. 10,00,000

Tax before additional education cess 141800

Add: Education Cess @ 3% 4254

Total Tax payable 146054

Thus, Mr. Ojha has to pay total tax of Rs. 146054/- only on his Total Income of Rs 5555500/- with the help of efficient tax saving executed by the Relationship Manager at Bajaj Capital.

The total tax liability of Mr. Ojha without proper Tax Planning would have been Rs. 1503505 (tax-Rs 1480000, surcharge Rs. 17079, education cess Rs. 5636). However after proper planning & investments v/s 80C & 80D, the tax liability is reduced to Rs. 146054. Hence, Mr. Ojha has saved Rs 1357451 in taxes (Rs. 1503505 - Rs. 146054) and also has secured his future by Planning for his comfortable retirement life.

Instructions for filling out FORM ITR-1This Return Form is to be used by an individual whose total income for the assessment year 2014-15 includes :-(a) Income from salary(b) Income from one house property (excluding cases where loss is brought forward from previous year)(c)Income from other sources (excluding from winning from lottery & income from race horses)

Instructions for filling out FORM ITR-2This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessmentyear 2014-15 includes:-(a) Income from Salary / Pension; or(b) Income from House Property; or(c) Income from Capital Gains; or(d) Income from Other Sources (including Winning from Lottery and Income from Race Horses).

Instructions for filling out FORM ITR-3This Return Form is to be used by an individual or an Hindu Undivided Family who is a partner in a firm and where income chargeable to income-tax under the head “Profits or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm. In case a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only exempt income by way of share in the profit of the firm, he shall use this form only and not Form ITR-2.

Instructions for filling out FORM ITR-4This Return Form is to be used by an individual or a Hindu Undivided Family who is car-rying out a proprietary business or profession.

Instructions for filling out FORM ITR-5This Form can be used a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. However, a per-son who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall not use this form.

Instructions for filling out FORM ITR-6This Form can be used by a company, other than a company claiming exemption under section 11.

Instructions for filling out Form ITR-7This Form can be used by persons including companies who are required to furnish re-turn under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D).



NORTH REGIONCorporate Office Nehru Place: Bajaj House, 97, Nehru Place,New Delhi - 110019 Ph.: 41693000. DELHI ZONE Central Delhi Connaught Place: United India Life Build-ing, F19-Block, Connaught Place, New Delhi – 110001.011-41790444 (30 Lines), 23356158 Rajendra Place: 9, Ground Floor, Rajendra Bhawan, Rajendra Place (Opp. Rachna Cinema), New Delhi-110008 Ph: 25734989, 41538597 NORTH DELHI Ashok Vihar: Shop no. 15, Ground Floor, Deep Cinema Complex, Ashok Vihar,Phase-I, Delhi -110052Ph.: 64640908, 27461651 Pitampura: DDA Shop No,8 FD Market, Near Madhuban Chowk, Pitampura, Delhi-110034Ph : 27312742 / 27315056/ 42455621 EAST DELHI Patparganj: DDA Shop No. 24, Ground Floor, Rama Krishna Market, No.1, I. P. Extension, Patparganj, Delhi-110092, Ph. 64640931, 22233120 Karkardooma: G-14, Sachdeva Tower, Plot No.17, Community Center, Near HDFC Bank, Karkardooma, New Delhi-110092 Ph: 011-42420905, 40586975, 64736909 WEST DELHI Dwarka: F-4, HL Square, Above ICICI Bank, Plot No. 6, Sector-5, Dwarka, New Delhi – 110075 Ph: 42730057/ 58

NATIONAL CAPITAL REGION Gurugram: Sec 14, Shop No: 114, 115 AKD Tower, Upper Ground Floor, Near HUDA Office, Gurgaon-122001. Ph: 0124- 6468101, 4062590 Noida-Sec-29: A-2, Brahmputra Commer-cial Complex,Near Rail Reservation Centre, Sec. 29, Noida-201301Ph: 0120- 6494074 - 75, 6493213, 2451496, 2450100 Noida-Sec-41: C-20, C Block Market, Sec-tor-41, Noida-201301. Ph: 95120-4340111, 6494077 - 78Noida Sec 51: Bajaj Capital Ltd, B-1A/10, 1st Floor, Commercial Market, B-Block, Sec-tor-51, Noida-201301Ph: 0120-4936900 Faridabad: 5R/1 Ground Floor, B.K. Chowk, Near HDFC Bank, NIT Faridabad - 121001Ph: 0129-4035241, 0129 – 6466564 Ghaziabad: G-5 & 6, Ansals Satyam Build-ing, Raj Nagar, District Centre, Ghazi-abad-201002,Ph: 0120-6493211, 2824330,2822407Vaishali: Shop No. 4, 1st Floor, Lajwanti Plaza, Sector-4, Main Market, Vaishali, Ghaziabad.(U.P..) 201010Ph: (0120) 4349460-61, Sonepat: Opp. Old Civil Hospital, Railway Road, Sonepat: 131001 Ph: 0130- 6451297, 6451256 ,2240623

NORTH ZONE PUNJAB Chandigarh: SCO 341 - 342, First Floor, Sector 35B, Chandigarh 160022. Ph: 0172-4653341, 0172-5089190, Ludhiana: Ground Floor, SCO-137, Feroze Gandhi Market, Ludhiana-141001. Ph: 0161-6451629-30, 4612287 MADHYA PRADESH Bhopal: Shop No. 6&7, First Floor, Jyoti Cinema Complex, M.P. Nagar, Zone1, Bho-pal-462011 Ph: 0755- 4229297, 6459550

Bajaj Capital NetworkJanakpuri: Shop No 11 & 12, 7-A, DDA Building, Janakpuri Dist. Centre (Opp. Janakpuri Transport Authority), New Delhi - 110058. Ph: 64736912, 64640917, 25552675Kirti Nagar: Shop No. 3, Ground Floor, B-5, Tagore Market (Near Metro Pillar no.338), Kirti Nagar, New Delhi-110015 Ph: 64736922,25117531, 25113659 Paschim Vihar: G-8&9, Ground Floor, Bha-not Tower, A-Block Opp. Jawala Heri Market, Paschim Vihar, New Delhi-110063. Ph: 64640929, 64736947 SOUTH DELHI Bhikaji Cama Place: Shop No-UGF-1, Mohta Building, Bhikaji Cama Place, New Delhi –110066, Land Mark-Above Honda Show Room. Ph: 26188644/ 64736916/ 64640910Defence Colony: B-87, Ist floor, Defence colony, New Delhi- 110024. Ph: 64640913, 41553182, 24338180Yusuf Sarai: 18 &19, DDA Market, Commercial Complex, Yusuf Sarai, New Delhi-110016, Ph: 41841143Kalkaji: N-10, Kalkaji, New Delhi-110019Ph: 26223507, 26443761Nehru Place: 97, Bajaj House, Ground Floor, New Delhi - 1100019. Ph: 011-39881010 Vasant Kunj: 15 LGF Central Market, Masoodpur Vasant Kunj, New Delhi- 110070 Ph: 26897632, 26136319Malviya Nagar: C-31, Malviya Nagar, Near HDFC Bank, New Delhi-110017, Ph: 011-64736907, 64731325

UTTAR PRADESH Agra: Shop No.-110, Ground Floor, Block No. 27/2/4, Sanjay Palace, Near Hotel Panchrattan Agra-282002.Ph: 0562- 6457307-8 ,4000953, 2521448 Allahabad: G-28/29, Indira Bhavan, Civil Lines, Allahabad-211001,Ph: 0532-6452481-82, 7080278600, 9971666493 Kanpur: 106, Ratan Esquire, 14/144, Chunni Ganj, Kanpur - 208001. Ph: 0512-3076368 Lucknow Hazratganj: 2nd Floor, Commerce House, Habibullah Compound, 11, M.G. Marg, Hazratganj, Lucknow-226001 Ph: 0522-4039500, 510 , 505 to 515 Meerut: G-28, Ganga Plaza, Near Begam Bridge, Meerut-250001 Ph: 0121-6451510 / 11, 4051709 Varanasi: D-58/53-54, Shiva Complex , Ist floor , Rath yatra Crossing, Varanasi – 221010,Mob: +91 0542-2360197, +91 9795652233

RAJASTHAN Ajmer: Ground Flr, Shop No-12, Ajmer Tower, Kutchery Road, Ajmer- 305001 Ph: 0145-6451231 - 32Jaipur: G-3, Anukampa Tower, Opp. Sangam Tower, Church Road (M. I. Road) Jaipur-302001, Ph: 0141-6503342/43

UTTARAKHAND Dehradun: Shop No- 1, Windlass Shopping Complex, Ground Floor, 11-A Rajpur Road, Dehradun-248001.Ph: 0135-6452648 – 49

WEST REGIONFort: Bajaj Capital , Office no. 2 , Ground Floor, Karim Chambers, Ambalal Doshi Marg ( Hamam Street ), Fort , Mumbai - 40001 Ph: 022 62427400



Regional Office: Unit no - 941 , Bldg no - 9 , 4th Floor , Solitaire Corporate Park , Andheri Kurla Road , Chakala , Andheri (E) , Mumbai - 400093. Ph: 022 - 40099999, Fax No: 40099911Andheri (W): A-24, Laram Shopping Center, S V Road, Andheri (W) Mumbai – 400058.Ph: 022-65577990, 022-65577991Borivali: Shop no 2, Nandkumar Appart-ment, Ground floor, Shimpoli Road, Factory lane, near Gokhale School, Borivali (W), Mumbai :- 400 092, Ph: 65991664 / 65/65566923.Chembur: Room no 1, Gr Floor, Sunil Sadan ,Opp. Grand Central Restaurant M.D.S. Marg , Chembur (E) , Mumbai – 400071. Ph: 022 – 65991667 / 68/64500797Dadar: Shop no 5 ,Abdul Kadar Jilani Bldg ,Gokhale Road , Opp. Portguese Church, Dadar (W), Mumbai - 400028. Ph: 022 – 65991666/69 / 70/64527426Ghatkopar(E): 205, 2nd Floor, Atlantic Commercial Complex, Above Vodaphone Gallery, R.B. Mehta Marg, Ghatkopar (East), Mumbai – 400077.Ph: 022 - 25010904/ 65991678/ 64534952.Sion: Shop no. 7A , Shiv Mahal Plot no. 206 , Near Union Bank of India , Sion East , Mumbai - 22Ph: 022 – 64518004 / 65991677.Tardeo: Shop no 3 , 5th Floor , Tardeo, A C Market , Mumbai - 400034. Ph: 64534950 / 64534954/65991663.Thane: Office No: 204, Cosmos Avenue Premises, Opp. Thane Railway Station, Sta-tion Road, Thane (W) 400 602Ph: 022 - 65991678/65210113/65971078/64527352.Kharghar: No 19, 1st Floor, Crystal Plaza,Hiranandani complex,Sector 7,

Kharghar-410210 Ph: 022-65991674/75

MAHARASHTRANagpur: Shop No B-S1, Amarjyoti Palace, Wardha Road , Dhantoli Near Lokmat Square Nagpur - 440012Ph: - 0712 – 6618576/77. 6518576Nashik: G-18 & 19 , Suyojit Sankul , Tilak Wadi , Sharanpur Road , Nashik – 422002.Ph: 0253 – 6629011 / 14.Pune Subhash Nagar: Shop No.24 & 25, Sanas Plaza, 1302 Subhash Nagar, Bazirao Road, Pune - 411002.Ph: 020 - 65009460 / 61.Pune Bhandarkar Road: Suyash Plaza, Office No.08 , 3rd Floor, Opp Yes Bank Bhandarkar Road , Nr.Kamala Nehru Park, Pune - 411004. Ph: 020-65009463/ 64/65/67, 64510049, 64510050, 65212151

GUJARATAhmedabad: 2-L Akik Opp Lions Hall, Mithakhali Six Road,Near Nalanda Hotel, Ellisbridge, Ahmedabad-380006 Ph: 079 – 40105555/30015502/2203/5505/5507/5514/5516/5519Rajkot: 205, Metro Plaza, 2nd Floor, Near Ratnam Hospital, Janasata Chowk, Rajkot-360001.Ph: 0281-6450135/36Vadodara: 106 -107 , 1st Floor, Siddharth Complex, R.C. Dutt Road,Alkapuri, Vadodara – 390005.Ph: 0265 – 6450181, 6459309, 6450274, 6450273SOUTH REGIONRegional Office: Wellington Plaza, IIIrd Floor, 90, Anna Salai, Chennai-600 002. Ph: 23451234, Fax : 2345 1222

Anna Salai: No. 19, Wellington Plaza, Ground Floor, 90, Anna Salai, Chennai-600 002. Ph: 23451207, 23457307Adyar: K.R. BUILDINGS, 12, L.B. Road, Adyar, Chennai - 600020. Ph : 23451232, 23451233Anna Nagar: W.111, First Floor, 3rd Avenue, Anna Nagar, Chennai - 600 040. Ph: 23451243, 23451244Mylapore: Bajaj Capital Ltd. Ground Floor, No. 185/2, New No. 246 Royapettah High Road (OPP : Naihaa Showroom) Mylapore, Chennai - 600 004. Tel: 23451241, 23451242T. Nagar: Bridge Port, New No. 29, Old No. 12, Burkit Road, T.Nagar, Chennai -600017. Ph: 23451230, 23451231Nanganallur: Shop No. 4, Plot No. 3, 29th Street, Nanganallur, Chennai- 600061. Ph: 22247046, 22247047Ashok Nagar: Shop No. 4, Trinity Complex, No.110, 4th Avenue, Ashok Nagar, Chennai - 83. Ph: 23451204, 23451286/87/88Velachery: Shop No.5, Ground Floor, Vikas Plaza, 37/C, Velachery, Tambaram Road, Chennai - 42. Ph : 22434994, 22430129Thiruvanmiyur: 59/20, 1st Floor, Opp. Punjab National Bank, South Mada Street, Thiruvan-miyur, Chennai - 600 041. Ph : 49795555\Nungambakkam: No.29/15, Josier Street, Nungambakkam Chennai 600 034, Tel: 044 - 4003 5300

TAMIL NADU ZONECoimbatore: R.S Puram: No. 575, D.B. Road, First Floor, R.S. Puram, Coimbatore-641 002.Ph: 0422 - 2540257 / 2555565 / 2555566Coimbatore: Avinashi Road: Damodar Centre, No. 1050, Avinashi Road, Coimbatore - 641018.Phone: 0422 - 2245050, 2248188

Karur: Chella Chambers 1st Floor, #74, Covai Road, Karur - 639002. Ph: 04324 - 241415 / 241416Madurai: Suriya Towers, No.5, First Floor, 272/273, Good Shed Street, Madurai - 625 001. Ph: 0452-2345863 /2345884Trichy: Swati Arcade, 73/1-f, 1st Floor, Salai Road, Thillai Nagar, Thiruchirapalli-620 018. Ph: 0431 - 2763744 / 2763844Salem: No.22, “Swarnambigai Plaza” Omalur Main Road, Salem-636 009. Ph: 0427- 2440700 / 2441180Tirunelveli: Shop No. 1, First Floor, K.S. Arcade, Near Byepass Roundana, Vannara-pettai, Tirunelveli - 627 003.Ph: 0462 - 2500432, 33

KERALA ZONECochin: Bajaj Capital Limited, F-2, 1st Floor, N.J.K Thripthy Building, Opp. to Medical Trust Hospital, S.A.Road, Valanjambalam, Cochin - 682 016Ph: 0484-2370053, 56 & 59Trivandrum: Haji M Bava Commercial Com-plex, Ground Floor, Near Old GPO, Ambu-javilasam Road, Trivandrum – 695001. Ph: 0471-2475112/2475251Palakkad: 1st Floor, S.S. Complex, Near Head Post Office, College Road, Palakkad-678 001.Ph: 0491-2545355 / 2545579

KARNATAKA ZONEZonal Office: Municipal No.6/4,Union Street, 2nd Floor, Opp.Lakshmi Vilas Bank, Infantry Road, Bangalore-560001.Ph: 080-25594999 / 25559273/74Infantry Road: Municipal No.6/4,Union Street,1st Floor, Opp.Lakshmi Vilas Bank, Infantry Road, Bangalore-560001.Ph:-080-25594999 / 25559273/74



Malleshwaram: No.32, Old No. 292/7, 15th Cross Road, Margosa Road, Malleswaram, Bangalore – 560003.Ph: 080 - 23564156/57Indira Nagar: No. 803, 9A Main Road, Ist Stage, Indira Nagar Bangalore - 560 038. Ph: 080-25202657 / 658 / 656 / 659Rajaji Nagar: 293/1/1, 17th Main Road “D”, IIIrd Block, Rajaji Nagar, Banga-lore-10.Ph : 080-23387896 / 23357360 / 23507433Jaya Nagar: No.4, Lakshmi Mansion, 81/B,8th Main Road, Opp. Food World, 3rd Block, Jaya Nagar, Bangalore -11.Ph : 080-22449643/ 22459388Koramangala: No.487, 1st, Floor,KHB Colony ,5th Block, Ko-ramangala ,Bangalore-560067. Land Mark: Opp .to Krishna Temple.Phone:080-25635596/080-25635597Mangalore: Essel Towers , Shop No. BS4, Bunts Hostel Circle, Mangalore -03. Ph : 0824 - 4251787.

TELANGANA ZONESecunderabad: Legend Crystal, Shop no-4, First Floor, No: 1-7-79/A and B, Man-dalay Lane, Prendergast Road, Secun-derabad-500003. Ph: 040-44555555Ameerpet: D. No. 71-A, Surya Plaza, First Floor, Above SBH Bank, Vengalaraonagar , Ameerpet, Hyderabad-500 035. Ph: 040-48253399Kukatpally: Plot No. 964, Ground Floor, Vasanth Nagar Colony, JNTU Metro Sta-tion Nizampet, Kukatpally, Hyderabad – 500 072. Tel : 040 43332323

ANDHRA PRADESH ZONEVijayawada: Kalyan Complex, 39-1-89,

1st Floor, Temple Street, M.G. Road, Labbipet, Vijayawada - 520010.Ph : 0866-2492245 / 35Visakhapatnam: No. 47-9-20, Somunaidu Enclave, 3rd Lane, Near Harsha Labs, Dwara-kanagar, Visakhapatnam-530 016. Ph : 0891- 2506292, 2505957

EAST REGIONRegional office: 10C, Hungerford Street,Ground Floor, Kolkata – 700017 Ph: 033 4040-4242, 40034039KOLKATA ZONESaltlake :- BF 192,Sector 1,Salt Lake, Kolkata-700064. Ph: - 033-4061-1466 ,4061-1467 ,4061-1468.South Kolkata:- 1st Floor,4, Jatin Bagchi Road, Kolkata-700029Ph: - 033-4072-1198 ,4072-1197, 4072-2025 Lords:- 507, Lords Building,5th Floor,7/1, Lord Sinha Road, Kolkata-700071Ph: 033-4061-1457 ,4072-2012 ,2282-0383Ezra Street:- 9, Ezra Street , 2nd Floor, Kolkata-700001Ph: - 033-4068-8079, 4061-1464, 4061-1465 R.N.Mukherjee Road- 507, Lords Building,5th Floor,7/1, Lord Sinha Road, Kolkata-700071Ph: 033-4061-1458 ,4061-1460,4061-1493North Kolkata- 3rd Floor, Room No-304,51, Vivekananda Road, Kolkata-700007Ph: 033-4005-2635 ,6460-2157VIP Road- Ground Floor,Shop No- 9, Shreeram Nagar ,Teghoria, VIP Road ,Kolkata-700052Ph: 033-6457-8625,6457-855519

JHARKHANDJamshedpur Branch: Meghdeep Building 3rd Floor, Room No-6, Q Road Beside South Park Hotel, Bistupur, Jamshedpur-831001 Ph:

0657-6457603, 6457627Dhanbad Branch:Room No-103/A, 1St Floor, Ozone Plaza 119/A, Bank More, Dhanbad, Jharkhand - 9204799896, Ph: 0326-6555521

WEST BENGALSiliguri Branch: 3rd Floor, Jatin Das Sarani (Near Jewel Club) Ashram Para , Siliguri,Darjeeling-734001 Phone-0353-2643545

BIHARPatna: 108, Ashiana Plaza ,Budh Marg, Patna-800001 Phone-7542025631 ,75420256312, 7542025633Begusarai Branch: Hotel Blue Diamond, Near Alka Cinema, Opp Brt Township, Be-gusarai-851117Ph: 8757324466Muzaffarpur: 1st floor Bhavni Vaibhav, Jaiswal Compound, Pani Tanki Chowk, Club Road Muzaffarpur-842002Ph: 8227839235

ORISSABhubaneswar Branch: Plot No-1/A , Ground Floor, Station Square, Kharvel Na-gar-Bhubaneswar-75101 Ph:7852932955, 7852932956

ASSAMGuwahati Branch: 1st Floor, Rohini Apart-ments Chandmari ,G.N.B. Road Guwahati- 781003Ph: 8811017100,8811034661,8811034653, 8811034654

WEALTH MANAGEMENT CENTRESNehru Place: Bajaj House, 97 Nehru Place,New Delhi-110019Mr. Dheeraj Nigam/ Mr. Himanshu Mahesh-wari /Mr. Dhirender Singh Rawat/Mr. Rishi/Mr. Ashok,Ph: 011- 41693000, Email: [email protected]/[email protected]/ [email protected]/ [email protected]/[email protected]: Unit No. 941, 4th Floor, Building No. 9, Solitaire Corporate Park, Andheri-Kurla Road, Chakala, Andheri - East, Mumbai - 400093, Mr. Partha Nath,Ph: 022-40099999/400999200/40099964,Email: [email protected]: 10 C Hunger Ford Street, Ground floor, Kolkata – 700017, Mr. B.J.Mozumder/Mr. Saubhanik Datta/Mr. Aniruddha Dasgupta,Ph. 033-40512626, E-mail: [email protected]/[email protected]/[email protected]: No. 33/15, 1st Floor, Eldams Road, Alwarpet, Chennai - 600 018, Mr. G D Sivaku-mar, Ph: 044 - 23457801 / 02-06,E-mail: [email protected]: #3-6-522, 4th Floor, Opp. KFC Restaurant, Main Road, Himayathnagar, Hyderabad-500029, Mr. K. Bal Reddy, Ph: 040-66347477 E-mail: [email protected] WEALTH CAFÉNoida-Wealth Café: G 53, 2nd Floor, Sector 18, above Peter England showroom, Noida - 201301, Mr. Manish Sharma, Ph: 0120 – 6457993, 6490107, 4354211E-mail: [email protected]: B-201, Super Mart 1, DLF Phase IV, Gurgaon-122002, Mr. Anshul Saxena Ph: 6468103, E-mail: [email protected]



Vasant Kunj: Shop No 16, First Floor, Vasant Arcade, Local Shopping Complex, Nelson Mandela Marg, Vasant Kunj, Delhi - 110070, Ph: 01146560415/16E-mail: [email protected]: 869 , 1st floor, 80 feet road 8th cross 8th Block Koramangala Bangalore 560095. Email id:- [email protected], Ph: 080-25707633/634Punjabi Bagh: 1/51, West Punjabi Bagh, Main Road Central Market(Opp. Citi bank), New Delhi - 110026 Ph: 011-47020045, 47020091

Disclaimer: “The author’s opinions, beliefs and viewpoints published in ‘TAX SAVING GUIDE for the financial Year 2015-16’ are his own views and not of HDFC Asset Management Company Limited (‘HDFC AMC’)/ HDFC Mutual Fund (‘ the Fund’) or any of their officers, employees, personnel and directors. HDFC AMC or the Fund or any of their officers, employees, personnel, directors do not accept responsibility for the author’s content and make no representation as to the accuracy, completeness or reliability of the author’s content and hereby disclaim any liability with regard to the same. “

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