How To Save Taxes In India
Invest in tax-saving instruments like PPF and NSC for deductions under Section 80C.
Use tax exemptions with Life Insurance or ULIP investments.
Consider tax-saving FDs for 5 years.
Opt for home loan for deductions on principal and interest.
Contribute to EPF for tax savings and retirement planning.
Get deductions on medical insurance premiums under Section 80D.
Maximize housing loan interest deductions through joint ownership.
Invest in NPS for additional tax benefits under Section 80CCD.
Set up charitable trust or donate to registered institutions for deductions under Section 80G.
Consult a tax professional for more strategies based on your financial profile.