Top Tax Saving Schemes

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TAX SAVING SCHEME





· 80C- includes various investments and expenses you can claim deductions on – up to the limit of Rs. 1.5 lakh in a financial year.

       5-Year Bank Fixed Deposit

       Public Provident Fund (PPF)

       National Savings Certificate

       National Pension System (NPS)

      Sukanya Samriddhi Yojana (SSY)

      Tuition Fee

      Senior Citizen Saving Scheme (SCSS)


·    80D- for medical insurance premium for self, spouse &  dependent parents. 

·        Section 80EE – Deduction  for interest payment of home loan for first home owners

·        Section 24- Interest deduction for housing loan upto Rs 2 lakh

·        Section 80EEB- interest deduction for vehicle loan for purchase of electric vehicle

·        80G- donations to charitable institutions. 

·        80GG-if your income does not include HRA component, you can claim rent deduction under 80GG

·        Section 80TTA- deduction upto Rs 10,000 for interest received in saving bank account. 

·        Section 54 -54F – Capital gain exemption for capital gains.


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Comments

  1. TaxSpannerApril 4, 2024 at 5:51 PM

    A crucial component of tax management for both people and corporations is income tax planning.
    You can also check out about Income Tax E Filing India here.

    ReplyDelete

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