123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Tax Saving Tips 2023

Profile Picture
By Author: Pawan
Total Articles: 1
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Invest in tax-saving schemes: You can invest in tax-saving schemes like Public Provident Fund (PPF), National Savings Certificate (NSC), Equity-Linked Savings Scheme (ELSS), and Unit Linked Insurance Plan (ULIP) to avail tax benefits.

Claim home loan tax benefits: If you have a home loan, you can claim tax benefits on the principal amount and the interest paid under Section 80C and Section 24(b) of the Income Tax Act.

Utilize tax exemptions: You can utilize tax exemptions like HRA (House Rent Allowance), LTA (Leave Travel Allowance), and medical reimbursement to reduce your taxable income.

Donate to charity: You can donate to registered charities and non-governmental organizations (NGOs) to claim deductions under Section 80G of the Income Tax Act.

Invest in National Pension System (NPS): You can invest in NPS to avail tax benefits under Section 80CCD(1) of the Income Tax Act.

Health Insurance: Investing in a good health insurance plan for yourself and your family is important. You can claim deductions up to Rs. 25,000 for the premium paid under Section 80D of the Income Tax Act.

Savings account interest: You can also avail tax benefits on the interest earned on savings accounts. You can claim deductions of up to Rs. 10,000 under Section 80TTA.

More About the Author

For more details Contact us at +91 9205950546 Email id: datesfinserv@gmail.com website:https://www.datesfinserv.com/

Total Views: 112Word Count: 198See All articles From Author

Add Comment

Investing / Finance Articles

1. Top 10 Companies For Iso Certification
Author: Qualitcert

2. The Future Of Real Estate: Buy Property In Dubai With Crypto
Author: cryptodubaiotc

3. Berger Cpa: A Legacy Of Trust And Excellence In Accounting
Author: HubraSEO

4. Online Loans For Same Day Settlement: A Nexus Approach To Handling Unexpected Debt
Author: Nicola Ferguson is a financial adviser of Fast Pay

5. Property Investment Through Smsfs: Exploring Opportunities In Perth's Real Estate Market
Author: Daniel Stewart

6. Bcx Token: Your Voice In Crypto Ownership
Author: ek javad

7. Is A Direct Lender For Short Term Loans Uk The Best Choice For Me?
Author: Jack Ryder Jack Ryder is a financial adviser of pa

8. ## What Are The Forex Trading Signals?
Author: hoardingonrent

9. Making Capital With Non-convertible Debentures: A Guide For Investors
Author: Moneyedge

10. Unlocking The Secrets: All You Need To Know About Gst Itc On Bank Charges
Author: TaxHelpdesk

11. A Comprehensive Guide To Form 16a
Author: Eazybills

12. Payday Loans Online Same Day - Assist You In Overcoming Financial Difficulties
Author: Nicola Ferguson is a financial adviser of Fast Pay

13. The Ultimate Guide To Maximizing Your Tax Savings With Top Consultants
Author: taxdunia

14. Your Guide To Acquiring A Second Passport: Expanding Your Horizons
Author: AAAassociates

15. Trading Platform For Stocks, Indices, Metals, Commodities, And Etfs
Author: hoardingonrent

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: