Tax saving tips 2023

Pawan9015 Mar, 2023Finance

Invest in tax-saving instruments like Public Provident Fund (PPF), National Savings Certificate (NSC), Equity-Linked Saving Scheme (ELSS), and others to avail tax benefits under Section 80C of the Income Tax Act. Deduct your health insurance premiums under Section 80D of the Income Tax Act. You can also avail tax benefits for the health insurance premiums paid for your parents. Claim tax benefits on the interest paid on your home loan under Section 24 of the Income Tax Act. If you are a salaried employee, claim tax benefits on House Rent Allowance (HRA) under Section 10(13A) of the Income Tax Act. Donate to charitable institutions and avail tax deductions under Section 80G of the Income Tax Act