WebDec 18, 2024 · Other Tax Saving options beyond Sec 80C Medical insurance premium to be claimed at Rs. 50,000. (Rs 25000 for self spouse and children and Rs 25000 for dependent... Interest paid on a home loan can be claimed as a deduction under section 24 up to Rs 2 … Invest in Tax Saving via BLACK APP (1200) Install. Products. IT. Income Tax Filing. …
How to select tax regime with Income Tax Calculator for FY 2024-24
WebSome of the major tax saving schemes offered by the post office are: Time deposit account Recurring deposit account for 5 years 15 years Public Provident Fund account Senior Citizen Savings Scheme National Savings … WebJan 19, 2024 · There is a host of entire legitimate ways of saving tax under the Income Tax Act, 1961. These include tax-saving mutual funds, NPS, insurance premiums, medical insurance and many others. In this article, we cover all the major tax deductions under the Income Tax Act: 1. Use up your Rs 1.5 lakh limit under Section 80C. chill french rap
Old or New Tax Regime? 10 tips to choose which tax regime suits …
Web4. National Pension Scheme (NPS) National Pension Scheme (NPS) is one of the long-term tax saving options for salaried people in India. It is an investment plan that falls under the purview of PFRDA and the Central Government. People who want to plan for early retirement and have low-risk appetite invest in NPS. Web1 day ago · Apr 14, 2024, 07:30AM IST Source: TOI.in. Old vs new tax regime: Have you opted for the new income tax regime for financial year 2024-24? If yes, then some … Web20% of total income over and above ₹5 Lakh + ₹12,500) Above ₹10 Lakh. 30% of the total income over and above ₹10 Lakh + ₹1,12,500) An additional health and education cess at 4% of the total tax payable is levied. A surcharge of 10% of the total income also has to be paid by people earning higher than ₹50 Lakh annually. grace freedman