WebOct 19, 2024 · PPF is a great tax saving option as it qualifies for deduction upto Rs 1.5 Lakhs per annum under section 80C of the Income tax act. Additionally, it has provided decent returns in the 7% – 9% range. Since PPF is backed by the government, it is one of the safest investment cum tax saving options in India. WebMar 1, 2024 · Income Tax Saving 2024: If planned properly, salaried persons can a lot of money through various avenues available for tax savings. ... PM Modi to flag off India’s 12th Vande Bharat Express ...
11 Income Tax Saving Options To Help You Invest And Save On …
WebELSS (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 … WebSep 29, 2024 · Tax-savings schemes offer tax deductions under Section 80C or Section 80CC of the Income Tax Act, 1961. For instance, if your income falls in the high-income tax slab where your tax liability is charged at 30%, then investing in tax-savings schemes will help you save about Rs. 46,000 in tax. bitburner glitch area
Guide to Income Tax Saving Options in India IDFC FIRST Bank
WebJan 13, 2024 · If the interest earned is up to Rs.10,000, then no tax is to be paid on the money that you have in your savings account. This is specified under Section 80TTA of … WebDec 26, 2024 · 1) Tax saving with NPS under Section 80CCD (1B): Taxpayers can save additional tax by investing up to ₹ 50,000 in NPS. This is over and above the benefit, they can claim on contributions under Section 80c. They also have the option of utilizing NPS for the ₹ 1.5 lakh limit of Section 80c. WebMar 14, 2024 · The tax saving FD permits investment to save tax amounts under the 80C section of the Income Tax Act 1961. The period for this tax saving scheme is for 5 years with a maximum exemption of around 1.5 lakh. Senior citizens who benefitted from this scheme receive a higher rate of interest on investments. darwin finch beaks