Tax saving options apart from 80c
Web14 rows · Aug 29, 2024 · List of Tax Saving Options under Section 80. Here is a complete list of tax-free deductions ... WebFeb 15, 2024 · In addition to Section 80C, senior citizens have many other tax saving options to reduce their taxable income. Tax-saving investments other than Section 80C for senior …
Tax saving options apart from 80c
Did you know?
WebThe interest income earned on both NSC and tax-saving fixed deposits is taxable as per the tax bracket of the investors. However, the interest earned on NSC is not paid to the investor every financial year. This amount is re-invested in National Savings Certificate. So, you have the option to claim a tax deduction on the interest earned from NSC under Section 80C … WebFeb 15, 2024 · If an individual opts for the old tax regime in current FY 2024-23 (ending on March 31, 2024), then he/she can continue to claim tax-exemptions and deductions. The …
WebSection 80C :Investment in ELSS Fund or Tax Saving Mutual Fund is considered as the best tax saving option. ... Apart from 80C, various other provisions allow deductions to … WebHow to Save Tax Other Than 80c. Section 80C of the Income Tax Act allows you to claim a deduction of up to Rs 1.5 lac from your total taxable income. This is an excellent way to …
WebTax saving with NPS under Section 80CCD (1B) Tax-paying citizens can save an extra amount of up to ₹50,000 if they invest in the National Pension Scheme that can go over … WebTax Saving - How to Save Income Tax For FY 2024-23. Tax Saving is the best options for investment like Section 80C offers Rs. 1.5 lakhs, tax saving mutual funds ELSS, PPF, NPS, 80CCD & 80D. Section 80D also offers for …
WebHow to Save Tax Other Than 80c. Section 80C of the Income Tax Act allows you to claim a deduction of up to Rs 1.5 lac from your total taxable income. This is an excellent way to minimize your tax liability. However, there’s a lot more to tax planning than Section 80C. Deductions under numerous other Acts also allow you to enjoy tax benefits.
WebMar 13, 2024 · Here are the best options for you. If you want to save income tax at the last minute, using the 80C deduction is the most preferred option for salaried individuals. The amount of income tax that ... limon mimi singerWeb2 days ago · Post Office Time Deposit Calculator 2024: The investments made for 5 year Post Office Time Deposit accounts qualify for exemption under section 80C of Income … limon masonryWebSome popular tax-saving options for individuals in India are under Section 80C of the Income Tax Act. It encompasses multiple investments and expenses you can claim deductions on – up to the limit of Rs. 1.5 lakh in a financial year. Following are some of the best tax saving investment options under Section 80C of the Income Tax Act, 1961: limon kWebApr 1, 2016 · 2.Premium Payments. Life insurance is considered a good option for tax saving, as premiums paid can be deducted from your total taxable income. Under section 80C, up to ₹1,50,000 in premiums paid can be reduced from your total taxable income. Apart from this, you can claim deduction for premiums paid or amount deposited for annuity … limon otu suyuhttp://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 limon metalWebMar 5, 2024 · Also Read: How section 80C of the Income-tax Act works Other options apart from Section 80C There are various sections under the Income-tax Act that can help you … limon mkWebMar 31, 2024 · Under this, a discount of up to Rs 1.5 lakh can be availed. But, apart from this, there are some options, with the help of which additional tax exemption can be availed. Actually, income tax exemption can be availed under the old tax system. Apart from 80C, you can avail tax exemption through these options: Take advantage under 80D limon rosa