How to save income tax other than 80c

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August undefined, 2024

Web26 dec. 2024 · Section 80GG is another tax-saving option for salaried 2024-2024 other than 80C. If you are salaried but do not receive HRA because you work in the informal sector … Web18 nov. 2024 · Section 80C is one of the most well-liked and popular sections among taxpayers because it allows them to reduce their taxable income by making tax-saving …

Wealth Guide: Income Tax - How to maximize savings up to Rs …

Web4 apr. 2024 · 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 … WebTax Saving Options Other Than 80C Regular post-retirement income Additional tax benefit on investments up to ₹50,000 u/s 80CCD (1B) - EEE Category Regulated by … bk\\u0027s sharpening service crystal lake il

Post Office Time Deposit (TD) Calculator 2024: Save income tax …

WebFollow the steps mentioned below to invest in these bonds and lower tax liabilities: Step 1: Visit the respective official portal of the issuer of such bonds. Select the “direct” tab available on the “download” page. Step 2: Individuals can choose the number of forms they wish to download. Type the captcha and proceed to download. Web10 apr. 2024 · 3) If you have just 80C deduction of Rs 1.5 lakh then new tax regime might be better as back-of-the-envelope calculations show that for an individual who just avail a deduction of Rs 1.5 lakh ... Web2 dagen geleden · Post Office TD, Post Office Time Deposit Calculator 2024, Interest Rate, Tenure, Maturity, Tax Saving: The interest rates of all small saving schemes have been changed by the government with effect from April 1, 2024.Interest rates of all savings schemes, barring Public Provident Fund (PPF), have been increased by 10-70 basis points. daughter posts for facebook

How to Save Income Tax in 2024 by CA Rachana Ranade - YouTube

Best 10 Ways to Save Tax Other Than Section 80C Investments

Web16 nov. 2024 · There are also some other options that you can select for saving income tax other than section 80C, especially in case you are buying a home or you are a parent. These are mainly through loans, insurance premiums , savings bank account interest, house rent allowance, donations to charity and political parties, disability, medical … Web28 dec. 2024 · According to an interview with Dr. Suresh Surana, Founder, RSM India, here's how senior citizens can make tax-saving investments other than section 80C, to … daughter potty blogWeb2 dagen geleden · An individual can save income tax on the donations made. Section 80G of the Income-tax Act, 1961 allows individuals to save tax on the donations made to the specified institutions. Thus deduction can be claimed only if an individual opts for old tax … b-k\\u0027s premier motel palmerston north

"Web10 apr. 2024 · 3) If you have just 80C deduction of Rs 1.5 lakh then new tax regime might be better as back-of-the-envelope calculations show that for an individual who just avail a … " - How to save income tax other than 80c

How to save income tax other than 80c

Web6 jul. 2024 · There are tax saving options other than 80C that you can avail of. These generally include health insurance premiums, home loan interest, etc. Medical Insurance Premium: Under Section 80D, you can claim up to INR 1,00,000 per annum for deduction if your insurance policy covers any senior citizen. Web9 uur geleden · The Income Tax Act of 1961 governs property tax as well as other indirect taxes like GST and stamp duty. In the income tax return, all sorts of properties are …

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Web22 mrt. 2024 · In this article, we are 5 ways other than section 80C by which taxpayers can save on income tax. Invest in NPS under Section 80CCD (1B) Invest in Health … Web9 okt. 2024 · The most popular tax-saving options available to individuals and HUFs in India are under Section 80C of the Income Tax Act, Section 80C includes various investments …

Web16 uur geleden · Section 80EEB: Deduction in respect of interest up to Rs 1.5 lakh on loan taken for purchase of electric vehicle.. Section 80TTA: Deductions in respect of interest on savings bank accounts up to Rs 10,000 in case of assessees other than Resident senior citizens.. Section 80G: Donations to certain funds, charitable institutions, etc. Depending … WebAnswer (1 of 15): Assuming you have exhausted the limit of rs. 150000, there are other sections other than 80C to save tax 1.80 CCD(1B)- contributions to NPS up to 50,000 …

Web15 feb. 2024 · However, this amount will not be reduced from your gross total income of Rs 10 lakh. On the other hand, a tax deduction will be deducted from your gross total … Web2 jan. 2024 · Popular Tax Saving Options (other than 80C included) for 2024 Checkout some of the Popular Indian ways to Save on Your Income Tax Returns in 2024. These …

Web10 uur geleden · 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 …

Web31 mrt. 2024 · Let us take a look at some of such tax-saving options you may consider other than those available under Section 80C: 1. Section 80CCD (1B): Additional deduction … bk\u0027s menu monroe city moWeb28 jun. 2024 · So here is the list of Investment options other than Section 80C which can help us save tax: 1. Section 80D: Popularly known as deduction for Mediclaim. So as … daughter poisons father fort worthWeb23 dec. 2024 · Here’s a list of popular investment options to save tax under section 80C. Public Provident Fund (PPF) National Pension Scheme (NPS) Premium Paid for Life Insurance policy National Savings Certificate (NSC) Equity Linked Savings Scheme (ELSS) Home Loan’s principal amount Fixed deposit for a duration of five years Sukanya … bk\\u0027s palm court motor lodgeWeb20 okt. 2024 · The aggregate amount of deduction admissible under 80C, 80CCC AND 80CCD (1) is restricted to maximum limit of Rs 1.5 lakh. However, there are 10 other … bk\\u0027s learn to swim clyde northWebIncome 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 … daughter poetryWebOther Tax Saving options beyond Sec 80C & Sec 80D The most commonly used Sections for tax-saving under the Income Tax Act are Section 80C and Section 80D. Popular … bku 2022 spreadsheetWeb21 feb. 2024 · Provisions under Section 80C: The Indian government provides a provision to invest up to Rs. 1,50,000 under section 80C of the Income Tax Act in order to promote … daughter portrait tattoo