Tax saving other than 80c
WebHowever, Section 80C is not the only section from The Income Tax Act, 1961 that offers tax savings. There are several tax-saving investments other than Section 80C that you can … WebFeb 21, 2024 · Investing money in tax-saving instruments. The government encourages citizens to invest in the tax-saving investments mentioned under section 80C of the Income Tax Act in order to reduce their tax burden. In this way, you can make sure you have some sort of investment and stop worrying about spending excessive money on paying taxes.
Tax saving other than 80c
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WebApr 15, 2024 · Rise in the basic exclusion limit: The deduction limit has been raised from Rs. 2.4 lakhs to Rs. 2.5 lakhs. Increase in standard deduction: The tax deduction has now been raised from Rs. 40,000 to Rs. 50,000. Increase in tax rebate: An increased tax rebate of Rs. 12,500 was envisaged in the budget for people with taxable incomes up to Rs. 5 lakhs. WebMar 22, 2024 · If you are a taxpayer and looking for opportunities to save extra tax then you can invest up to ₹50,000 in NPS. This is in addition to the benefits they can claim …
WebDec 28, 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 reduce … WebApr 10, 2024 · At what level does Old TR becomes attractive: If the deductions exceed the indifference point, say if it is Rs.1,75,000 (for example, if one utilized Section 80C limit of …
WebJan 16, 2024 · The last date to save tax for the financial year 2024-23 is March 31, 2024. With a little more than two months from completing your tax planning exercise, you should get going if you haven’t yet started the tax saving process. There are several deductions available under various sections that help in lowering taxable income. WebDec 23, 2024 · Additional tax saving with NPS. Not many taxpayers are aware of this additional tax deduction available with NPS. Individual taxpayers can save additional tax …
WebJan 31, 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 …
WebMar 22, 2024 · As ELSS is an equity-oriented investment option, among tax-saving investment options available u/s 80C of the IT-Act, it is considered one of the riskiest investment options. Although ELSS investments are subject to market risks, especially in the short term, it has the capability of delivering a much superior return than the other 80C … green waste collection mandurahWebTax-saving FDs are like regular fixed deposits but come with a lock-in period of 5 years and tax break under Section 80C on investments of up to Rs 1.5 lakh. Different banks offer … green waste collection dates stocktonWebJan 16, 2024 · The last date to save tax for the financial year 2024-23 is March 31, 2024. With a little more than two months from completing your tax planning exercise, you … green waste collection lower huttWebMar 31, 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 for … green waste collection dorsetWebHow to Save Tax Other Than 80c. Section 80C of the Income Tax Act allows you to claim a deduction of up to Rs 1.5 lac from your total taxable income. This is an excellent way to … fnf youtube kidsWebThink Beyond 80C: 7 Other Tax-Saving Options You Need to Know! #Rwealth #incometaxindia #80c #Taxsaving fnf youtube poop invasion gamebananaWebMar 21, 2024 · Tax Saving Options Other Than Section 80C Of The Income Tax Act. 21 March 2024. Income Tax. Section 80C of the Income Tax Act helps to minimise the tax … green waste collection melton mowbray