How to save Tax on Gains earned from Stock Markets

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  1. Mahadish

    Mahadish New Member

    Dear Sir,

    I am a salaried person with tax slab of 30% and also trading in stock market in FNO, which is considered as a buisness.

    Could you pls. let me know what are the various tax savings option?

    Also, could you pls let me know the varios savings options apart from PPF and Mutual funds....which are profitable in long term.

    Thanks in Advance.

    Regards,
    Mahadish
     
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    You can claim all your expenses.

    Apart from the expenses and deduction under section 80C as already mentioned by you, there are several other deductions as well like deduction for medical insurance, deduction for health check-up, deduction for donations

    You can also refer this link for 8 useful income tax deductions which will help you reduce your taxes - http://www.charteredclub.com/save-tax-planning/
     
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