Mon, 17 Apr 2023

Here are some tips on how to save income tax in India in 2023:

Utilize Section 80C: You can claim deductions up to INR 1.5 lakh on investments and expenses, such as PPF, EPF, life insurance, and tuition fees for your children, under Section 80C.

Invest in a health insurance policy: You can save tax and secure your health by investing in a health insurance policy under Section 80D.

Submit rent receipts: You can claim HRA exemption on rent paid by submitting valid rent receipts to maximize tax savings.

Invest in government schemes: You can maximize tax savings by investing in government schemes such as PPF, NPS, and Sukanya Samriddhi.