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Tax saving ideas other than 80c

WebMar 22, 2024 · Less awareness could be the reason, but by knowing about all those tax-saving opportunities, every taxpayer can reduce more taxes they pay. In this article, we are … WebJun 28, 2024 · Actual rent paid less 10% of the total income (some exclusions are there) 4. NPS Scheme: This scheme offers you additional tax deduction for Rs.50000/- other than …

16 Tax Saving Schemes Other Than Section 80C - NAVI-pedia

WebJan 5, 2024 · Tax Saving Options Other Than 80C for salaried employees and others. When somebody speaks of tax savings, generally they refer to the rebates under section 80C of the income tax act. But many overlook the fact that umpteen tax saving options are available beyond 80C rebate. WebNov 13, 2024 · Section 80C, one of the most popular sections providing tax-saving options, offers investment options like EPF, LIC premium, PPF, ELSS and NSC to individuals who want to lower their tax liability. However, taxpayers should be aware that, in addition to the deduction under the 80C, there are other ways to save tax in India and lower the taxable ... metfield southport https://pipermina.com

Tax saving schemes other than 80c IDFC FIRST Bank

WebFeb 18, 2024 · Income tax calculator: 5 tax saving options other than Section 80C benefit 3 min read. Updated: 18 Feb 2024, 10:12 AM IST Asit Manohar Premium ITR filing: Under Section 80D of the income tax act ... WebSave Taxes with Other Investments Except 80C. As the famous saying goes, Save Money Today, and the Money Will Save You Tomorrow.Therefore, it is important to save your … WebMar 30, 2024 · Taxes under Section 80C are only imposed on individual taxpayers and Hindu Undivided Families. Businesses other than corporations, partnerships, and partnerships … metfier chart

How to Save Tax for Salary above 15 Lakhs in India? - Canara …

Category:Exhausted Section 80c Limit — Here Are 10 Other Tax Saving …

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Tax saving ideas other than 80c

Tax Saving Options - Best Tax Saving Investment & Schemes for …

Web80c Tax saving FD - is there any risk in deduction of principal amount ? I'm new to tax and i'm googling alot of this stuff and it's more bafflingly complicated and confusing than quantum physics to me. And i have a couple of questions. Under 80c - 5 year FD bank deposit. WebFeb 21, 2024 · Under section 80TTA, a deduction of up to Rs 10,000 per year on savings account interest is allowed. Pic: Reuters. Section 80C of the Income Tax Act of 1961 is one of the most popular tax saving options that allows for deductions up to Rs 1.5 lakh per annum. PPF contributions, five-year term deposits and ELSS schemes are among the list …

Tax saving ideas other than 80c

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WebMar 21, 2024 · In this article, let’s take a look at the tax-saving options other than Section 80C to turn you into a smart tax saver. 1. Section 80CCD: National Pension Scheme. … WebFeb 21, 2024 · Investing money in tax-saving instruments. The government encourages citizens to invest in the tax-saving investments mentioned under section 80C of the …

WebMar 31, 2024 · In case an individual has opted for the old tax regime, one can claim deductions of up to Rs 1.5 lakh under Section 80C under tax provisions,” says Sudhakar … http://dmin.zeebiz.com/india/news-income-tax-calculator-want-to-save-money-while-filing-itr-here-are-top-10-tax-saving-investments-other-than-section-80c-limit-that-can-help-you-123402

Web22 hours ago · ELSS mutual fund explained. An equity-linked savings plan (ELSS) is a category of mutual fund wherein at least 80% of the corpus is invested in equity securities. Under Section 80C of the Income Tax Act, you can get a tax exemption up to Rs. 1.5 lakh on your ELSS investments. ELSS has the shortest lock-in period, which is three years, … WebFortunately, the Income Tax Act also has several provisions to reduce the tax burden. Some of the major tax saving provisions are contained within section 80C. There are also tax …

WebMar 11, 2024 · The NPS offers you additional tax deduction for the investment up to Rs. 50,000 in under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 …

Web21 hours ago · Under the new tax regime, the tax rates are lower than the old tax regime. The new tax regime may be more beneficial if you have a higher income. As per budget 2024, an individual with Rs 9 lakh ... how to add an image in sharepointWebELSS (Equity-Linked Saving Scheme) Mutual Fund. The equity-linked saving scheme is the diversified mutual fund scheme, which has two different features- first, the investment … how to add an image in obsWebNet Tax liability. 121,680. 195,500. The best way to save tax for a salary above 15 lakhs is to opt for the old tax regime and claim all the available deductions and exemptions on tax-saving investments. Alternatively, you can follow the new tax regime to … met film school accommodation