WebJan 13, 2024 · There are some types of 5-year Tax-saving Fixed deposits. These can allow up to Rs.1,50,000 deduction. These special FDs’ interest rate is generally fixed. This rate … WebJan 1, 2024 · The total deduction limit under the Section 80C is INR 1.5 Lacs. A few deductions that can be made to save tax as per this section include: Life Insurance …
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WebMar 25, 2024 · 1. Take A Home Loan. Taking a housing loan is one of the best ways to save tax. It provides several deductions. Ordinarily, you’ll get deductions up to Rs 1.5 lakh on … WebFeb 15, 2024 · Here are four ways to save money on your 2024 taxes. 1. Contribute to your retirement account. Contributing to a retirement account, like a traditional IRA, may help … disney treats delivered to room
Best Tax Saving Investment & Schemes for FY 2024-24 …
WebApr 17, 2024 · Section 80C of Income Tax Act As per the Income Tax Act, 1962; there are certain clauses that provide tax-saving investments beyond the maximum limit available under Section 80C. These tax-saving investment options help you to reduce the tax burden considerably. WebApart from these provisions, you can also seek tax deductions under Section 80EEA in case of affordable housing. Under this, taxpayers can claim an additional Rs.1.5 lakh tax savings on home loan interest payment, besides the interest-related rebates offered under Section 24. You can keep claiming this benefit until full repayment of home loan. WebApr 13, 2024 · Here are some additional ways you can save on income tax under various sections of the Income Tax Act, 1961, for the financial year 2024-23: Under Section 10 … cp 2077 rayfield caliburn