2024 How to save tax other than 80c

How to save tax other than 80c - quora

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Web21 dec. 2024 · Final Note: So, whether you are a resident Indian or an NRI, you can benefit from various tax saving schemes that are covered in sections other than 80C.Together, the many sections offer substantial tax relief. At DBS Treasures, our dedicated mortgage specialists will help you get instant approval on home loans at the most competitive … WebThus, there are several ways for tax saving other than Section 80C, which can effectively increase your total wealth in the long term. Most such tools act as a comprehensive …

5 Tax savers over and Above the 80C Limit - ClearTax

Web21 apr. 2024 · Investments of up to Rs 1.5 lakh in Ulips are eligible for tax breaks under Section 80C. But if the annual premium exceeds Rs 2.5 lakh in any year, then the proceeds from such ULIPs are taxable ... Web1.Investment in tax saving options - The foremost way for tax saving is through investing your hard-earned money into various tax saving instruments. Here, you can avail tax deductions up to Rs 1.5 lakh under Section 80C of the … timex hrm strap

How to Save Income Tax in 2024-23 Tax Saving Guide - ET …

Web5 apr. 2024 · Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or … Web31 mrt. 2024 · “With several investment products, small saving instruments, insurance policies, pension schemes, home loan repayments, EPF contribution, etc. crowding Section 80C, taxpayers often tend to... WebThe House Rent Allowances that the employer gives. 50% of the employee's salary is eligible for HRA tax exemption if they live in any of the Metro cities of India. The metropolitan cities of India include Delhi, Mumbai, Calcutta, and Chennai. In case the employee lives in any other city, then 40% of the salary can be HRA exempted. parking aeroport bale mulhouse tarifs

Tax Benefits on Children Education Allowance, Tuition fees

Do Not Invest Rs. 50,000 in NPS for additional tax saving benefit!

Web6 jan. 2024 · To avail HRA benefit, the least of the following amount (yearly) is exempted, rest is taxable: i) Actual HRA received = Rs. 84,000 (7000 x 12) ii) 50% of salary (metro city) = Rs. 90,000 (50% of Rs . (15,000 x 12 = 1,80,000)) iii) Excess of rent paid annually over 10% of annual salary = Rs .82,800 (Rs .1,00,800* - (10% of Rs. 1,80,000)) WebSection 80 C : Find out the Investments and payments that are eligible for 80C deductions. Compare the popular 80C investments in terms of risk, returns, lock-in. X. ... How to save tax other than section 80C? Apart from 80C, various other provisions allow deductions to taxpayer as follows : 80D- for medical insurance premium for self, ... parking aéroport cdgWeb29 aug. 2024 · Here is a complete list of tax-free deductions available under Section 80 apart from Section 80C: Up to ₹25,000 for oneself + family ( including spouse and … timex humvee

"Web6 apr. 2024 · Tax Savings Under Section 80G. Donations to specified funds or charitable institutions. You need to retain the stamped receipts of the donations and make sure the … " - How to save tax other than 80c - quora

How to save tax other than 80c - quora

All About Section 80D & Deduction on Medical Insurance - ET …

Web18 jan. 2024 · VPF contributions made towards the EPF accounts are eligible for tax deductions under the provisions of Section 80C of the Income Tax Act, 1951. Hence, you can contribute as much as you want but the tax deductions available to the taxpayers is restricted to Rs 1,50,000 a year and one can save up to Rs 46,800 a year in taxes. Web4 jan. 2024 · Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of …

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Web22 feb. 2024 · Legitimate ways to save income tax 1. Deductions under Section 80C PPF (Public Provident Fund) ELSS funds Tax-saver FDs NSC (National Saving Certificate) … Web15 feb. 2024 · Section 80C includes mutual funds, insurance premium tax saver FDs, PPF and several other schemes. 80CCC governs contributions to specific policies which pay a pension or annuity. 80CCD covers contributions to India’s National Pension System (NPS) Section 80C Limits The maximum limit for tax saving under Section 80C is Rs 1.5 lakh.

WebFortunately, the Income Tax Act also has several provisions to reduce the tax burden. Some of the major tax saving provisions are contained within section 80C. There are also tax saving options other than section 80C deduction. Let us look at what this important section includes and explore the alternative ways to save tax other than Section 80C. Web5 apr. 2024 · Apart from 80C, various other provisions allow deductions to taxpayers as follows: 80D- for medical insurance premium for self, spouse & dependent parents. Section 80EE – Deduction for interest payment of the home loan for first homeowners. Section 24- Interest deduction for housing loans up to Rs 2 lakh.

Web22 sep. 2024 · When filing your income tax returns, as a salaried or self-employed individual, you can claim up to ₹ 1,50,000 jointly under Section 80CCD (1) for contributions made to NPS or APY individually and Section 80CCD (2) …

WebHow to Save Tax other than Section 80C? जानिए 80 C के अलावा छुट #taxsavingtips #ca how to save taxhow to save income taxhow to save tax in indiatax sav...

Web** Best Tax Saving Options Other Than 80C ** Before planning our taxes everyone should be aware of the total income and tax liability in order to be smart tax saver. The … parking aeroport barcelone el pratWeb19 okt. 2024 · Let us now understand how you can utilise these 10 tax saving options to save tax. Public Provident Fund (PPF) PPF is a great tax saving option as it qualifies for deduction upto Rs 1.5 Lakhs per annum under section 80C of the Income tax act. Additionally, it has provided decent returns in the 7% – 9% range. timex humvee watch batteryWeb19 okt. 2024 · PPF is a great tax saving option as it qualifies for deduction upto Rs 1.5 Lakhs per annum under section 80C of the Income tax act. Additionally, it has provided … timex humvee watch bandWebAnswer (1 of 9): There are two ways in which you can save some taxes in a legal way, also known as tax planning. 1. Investing /Incurring expenditure 2. Restructuring your salary … timex hypoallergenicWebSection 80C consists of several investments and savings options that help you reduce your tax liability by claiming deductions against the amount invested or paid for an approved … timex huckberry watchWeb21 dec. 2024 · Section 80 TTA: Savings Account Interest. Interest earned on deposits in your Savings Bank or Post Office Savings Account up to a limit of INR 10,000 per year … timex hunting watchWeb13 mrt. 2024 · Tax Savings Option: Post Office –Term Deposit with more than 5-year term Exemption/Deduction to claim: Section 80C Guidelines: Copy of deposit receipt Tax Savings Option: Tax Saving Fixed Deposits with Scheduled Banks Exemption/Deduction to claim: Section 80C Guidelines: Copy of Deposit Receipt invested during current FY, … timex humvee watch