WebApr 10, 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 ... WebApr 27, 2024 · Under Section 80C of the Income Tax Act 1961, the premium paid towards the purchase of a life insurance policy qualifies for deduction up to Rs 1.5 lakh. Furthermore, as per Section 10(10D),...
Tax Saving Options - How to best take advantage of tax saving options …
WebJan 27, 2024 · The investments made in these funds are eligible for tax deductions under Section 80C of the Income Tax Act, and the returns generated are tax-free, up to 1 Lakh Rupees. Another popular tax-saving … Web1.Smart Income Tax Saving for Young Unmarried Tax-Payers & Single Income Couples If you are in your late 20s and early 30s, and unmarried, or you are married, but only one of you is earning, the best tax saving options for you will be: Buy Term Insurance cover with a Sum Assured equal to 15 to 20 times of your annual income shooting an elephant by george orwell audio
15 Best Tax Saving Schemes in India - blog.elearnmarkets.com
WebJan 4, 2024 · Investment in NSC qualifies for deduction under section 80C of the income tax act up to Rs. 1.50 lakh. Apart from tax benefits, it also provides the investor with complete capital protection and guaranteed interest and considered one of the best tax saving schemes in India. The following are some of the benefits of the NSC tax-saving option: Web1 day ago · Apr 14, 2024, 07:30AM IST Source: TOI.in. Old vs new tax regime: Have you opted for the new income tax regime for financial year 2024-24? If yes, then some investment options still make sense for you. WebApr 12, 2024 · Tax Saving Fixed Deposits ( FD ): This FD scheme is for a tenure of 5 years and provides tax deduction of up to Rs.1.5 lakh. The rate of interest ranges between 7.00% to 8.00%, which is taxable. National Saving Certificate ( NSC ): This scheme is for a tenure of 5 years and offers a 6.80% rate of interest. shooting an elephant comic