Web1.Investment in tax saving options - The foremost way for tax saving is through investing your hard-earned money into various tax saving instruments. Here, you can avail tax deductions up to Rs 1.5 lakh under Section 80C of the … Web5 apr. 2024 · Apart from 80C, various other provisions allow deductions to taxpayers as follows: 80D- for medical insurance premium for self, spouse & dependent parents. Section 80EE – Deduction for interest payment of the home loan for first homeowners. Section 24- Interest deduction for housing loans up to Rs 2 lakh.
What are other tax-saving options than 80C? I am paying 1L ...
Web4 jan. 2024 · Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of … Web16 mrt. 2024 · The tax-saving options available in the 80C basket include life insurance premium, principal payment portion of a home loan, investments in five-year tax-saving bank fixed deposits (FD), National Pension System (NPS), Public Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Yojana, ELSS etc. d2r thul rune
Last minute tax saving options other than Section 80C investments
WebInvestment schemes available in the market provide tax exemptions and tax deductions. Learn how you can reduce your tax burden by investing in the tax saving schemes at the right time. Choose from various tax saving mutual funds to claim tax exemptions and/or tax deduction under section 80c or section 80ccc. CUSTOMER CARE. 022-39019400. Web12 feb. 2024 · When it comes to saving taxes, most of us try to make the maximum use of section 80C limit of income tax Act. However, there are several ways where your parents, wife and children can also help you save taxes. Here is a look at how this can be done. 1. Buy health insurance for your spouse, children, parents. WebThus, there are several ways for tax saving other than Section 80C, which can effectively increase your total wealth in the long term. Most such tools act as a comprehensive … d2r thunderstroke perfect