tax savings tips

Lesser-known tax deductions you can claim while filing ITR

Here’s a look at some lesser-known tax deductions available to taxpayers under various sections of the Income Tax Act 1961. Under Section 80C Apart from the deduction on principal repayment on home loan under Section 80C, taxpayers can also claim the stamp duty paid on property purchase.Under the same section, taxpayers often miss out on …

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Simple ways to save tax, invest in these top 5 government schemes!

For tax saving, investment has to be made ahead of time and then the documents related to investment have to be given as proof to the Income Tax Department. You can save tax by investing in all government savings schemes. Public Provident Fund (PPF) – PPF is the most popular tax saving scheme in India. …

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Don’t want to pay Income Tax?

Are you a salaried person? Want to pay less tax? Do you think you can avoid paying any tax? Got tempted by the Title right? Don’t worry. There’s no way you can do so. But you can manage your taxes and reduce liability through proper planning. Start saving & investing in schemes which are allowable …

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13 days left to end the financial year 2020-21, know ways to savings tax

The last round of the financial year 2020-21 has started. In such a situation, when you are filing your income tax return, then you should think about tax savings. Exemption under 80C Under Section 80C of the Income Tax Act, the government exempts tax on investments up to Rs 1,50,000. See following Tax exemption for …

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