Is income tax deducted from salary every month? But, I do not understand how to do investment planning so that income tax is not deducted? I don't understand how to save tax? In which option will you get tax exemption on investment? So today we will tell you 7 such easy ways, which will solve your tax saving problem. With this you will not only save tax but will also get good returns on investment. These methods will provide relief from tax tension every month. Let's do tax planning…
investment in 80c
The most common and best way to save tax is to invest in 80C. Tax exemption up to Rs 1.5 lakh is available in this. In this section you can invest in products like PPF, LIC. This will save you tax and also get returns.
investment in nps
Another way to save tax (Income tax kaise bachaye) is to invest in the 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 to buy or construct a house. Tax exemption is available on loan interest.
Health insurance premium under section 80D
Tax exemption can be availed by showing health insurance premium in Section 80D. Different insurances also have different limits.
Tax exemption under section 80U
Under Section 80U, persons with 40% and 80% disability get income tax exemption.
Donation under section 80G
Taxpayers can also claim income tax exemption by making donations under Section 80G.