More than a month to a few days ago in the deadline of March 31 for a tax saving service. It is necessary to plan to save tax in recent days for taxpayers adopting an old tax regime.
Review your taxable income to understand tax responsibility. In addition to the salary of income tax, there are many things such as interest on savings or investment, the profits from rent of houses, parallel affairs.
A discount of up to 1.5 lakh on investment in less than 80c can take a tax exemption up to 1.5 lakhs under this. Life insurance, Deford Annii, the PPF contribute to the PPF, ULIP Premium, National Savings Certificate, Children’s Tuition / College, ELSS Mutual Fund, Load loan report, Sukanya Samriddhi Yojana Come to Invest, Faxs Saving FD. If the premium is 7, you can take advantage of the tax exemption by filling it.
In addition to an exemption 80C, 50,000 additional discounts on investment in NP: the NPS account obtains a special discount under article 80 CCD (1b) of income tax on additional investment up to 50 000 per year. This exemption is added to a discount of 1.5 lakhs received under 80C.
You can save up to 1 Lakh of Health Insurance Tax, apart from you and your life partner, you can take a delivery of 25,000 rupees under article 80D on the insurance premium illness of dependent children and parents. If there is a pair of senior citizen taxes, this exemption goes up to 50 thousand. If parents are also over 60, total delivery can reach 1 lukh rupees.
You can give a delivery to Rs 2 Lakh on a mortgage. If you live in a rented house, the benefit of HRA exemption. If you bought the house for the first time, then under article 80 EE, you can take a discount of 50,000 rupees on home loans of less than 35 lakhs.
Training loans, tax exemption on donation can be taken under article 80th, interest in school loan, donation tax under article 80G is the tax exemption. The salary can have an exemption for the travel allowance on leave on two domestic trips in 4 years. The income of agriculture, the money received from the undivided Hindu family, the amount or the amount of the allocation are also entirely exempt from tax.
A presentation of up to 10,000 rupees on bank deposits can take a discount of up to 10,000 rupees on the bank’s deposits under article 80 TTA. The elderly can request a tax deduction of up to 50,000 rupees in less than 80 TTB. Apart from this, under article 10 of income tax and its sub-sections, there is also a tax exemption from the allowance (compensation) received during the post.
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