Income tax is deducted from the salary every month? But, I don’t understand how to do investment planning so that income tax is not deducted? I don’t understand how to do tax saving? Investment in which option will give tax exemption? So today we will tell you such 7 easy ways, which will make your tax saving problem vanish. Not only will you save tax, but you will also get good returns on investment. These ways will get rid of the tension of tax every month. Let’s do tax planning…
Investment in 80C
The most common and best way to save tax is to invest in 80C. It gives tax exemption of up to Rs 1.5 lakh. In this section, you can invest in products like PPF, LIC. You will save tax and also get returns.
Investment in NPS
Another way to save tax (Income tax kaise bachaye) is to invest in National Pension System (NPS). Here too, along with good returns, you can also get tax exemption.
Tax exemption under 80CCD(2D)
The third way to save tax is the exemption available under 80CCD(2D). In this, you can save tax by investing in different pension funds.
Exemption in section 24B
The fourth method i.e. section 24B will solve your problem. You can avail tax exemption by taking a home loan (Tax benefit on home loan) to buy or build a house. Tax exemption is available on the interest of the loan.
Health insurance premium under section 80D
Tax exemption can be availed by showing health insurance premium in section 80D. The limit for different insurances is also different.
Tax exemption in section 80U
Under section 80U, 40% and 80% disabled persons get income tax exemption.
Charity under section 80G
Under Section 80G, taxpayers can also claim income tax exemption by doing charity.
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