Tax saving ideas other than 80c
WebApr 4, 2024 · 1. Additional tax saving for NPS investments under Section 80CCD (1B) Every year, you can claim a deduction upto Rs 1.5 lakh under Section 80C by contributing to the … Web18 hours ago · Tax on FD: Fixed deposits or FD is considered one of the safest investment options and some banks provide a facility of tax saving FDs which comes with a dual advantage of saving tax as well as building wealth for the future. If you have also invested money in tax-saving FD, you will be able to claim a deduction under section 80C of up to …
Tax saving ideas other than 80c
Did you know?
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 … WebFortunately, there are measures to reduce your taxable income legally to a more agreeable amount. The most common method of reducing taxable income under Sections 80C and …
WebDec 16, 2024 · The maximum limit of deduction available u/s 80C is Rs. 1,50,000/-. In this article, we will discuss the deduction available ... 9 Tax Saving options other than … WebMar 30, 2024 · Taxes under Section 80C are only imposed on individual taxpayers and Hindu Undivided Families. Businesses other than corporations, partnerships, and partnerships …
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 ... 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 …
WebBest Tax Saving Investments other than 80C. Section 80C offers many tax saving options, but you can also claim deductions through other sources. Some of them include: 1. …
WebLimit – ₹50,000 above benefits from Section 24 (b) First-time home-buyers can claim additional interest benefits amounting to ₹50,000 above Section 24 (b) on home loan … shotcut export 1080pWeb8 rows · Dec 21, 2024 · Final Note: So, whether you are a resident Indian or an NRI, you can benefit from various tax ... shotcut exportar videoWebFeb 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 … sara osheroffWebMar 21, 2024 · Tax Saving Options Other Than Section 80C Of The Income Tax Act. 21 March 2024. Income Tax. Section 80C of the Income Tax Act helps to minimise the tax … shotcut export qualityWebJun 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 … shotcut export cropped gifWebIncome Tax. Section 80C of The Income Tax Act, 1961 offers multiple tax-saving investment options. It offers a tax deduction of up to ₹ 1.5 lakh in a financial year on your investments … shotcut export only part of timelineWebJan 16, 2024 · There are several deductions available under various sections that help in lowering taxable income. Most of us try to make maximum use of the Section 80C limit by … shotcut exporter en mp4