How To Find Important Tax Savings Methods in India


Welcome to SmartCA Blog +91 93808-02000 How to Save Tax in India

How To Find Important Tax Savings Methods in India? There are a number of

different ways to save taxes in India. You can invest in different types of saving instruments, take out a home loan, or make voluntary donations. There are also various allowances available for saving your money. In order to maximize your tax savings, you should start planning for them early in your career, so that you will not be stressed out when you need to file your income tax. Some of the most common tax saving methods in India include Section 80C and its sub-sections.

 

One of the most important tax saving methods in India is the Sukanya Samriddhi Yojana. This scheme was launched in 2015 by the government as part of the Beti Bachao Beti Padhao campaign. Find Important Tax Savings Methods in India Through this scheme, employees can save their money and build a corpus for retirement and a regular monthly income. The funds that are invested in this scheme qualify for section 80C deductions and are subject to a wide range of investment options.

 

You can also take advantage of section 80C, which allows you to deduct up to 1.5 lakhs of interest on a home loan. And finally, section 24 allows you to claim up to two lakhs in home loan interest, so there are plenty of opportunities to save money. The biggest problem with income tax is the hassle of submitting various insurances and rent receipts. If you want to get the most out of tax savings, you need to know all the ways you can use them.

Contact SmartCA for How to Save Tax in India +91 93808-02000

 

 

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