Tips that can help you save tax

Invest in tax-saving schemes: The Indian government provides several tax-saving schemes under Section 80C of the Income Tax Act, 1961. Investing in these schemes can help you save tax.

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Buy health insurance: Investing in health insurance can help you save tax under Section 80D of the Income Tax Act.

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Claim HRA benefits: If you live in a rented house, you can claim House Rent Allowance (HRA) benefits as a deduction from your taxable income.

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File your tax returns on time: Filing your tax returns on time can help you avoid penalties and late fees. It is advisable to file your tax returns well before the due date to avoid any last-minute glitches.

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Utilize the deductions available: Several deductions are available, including medical expenses, education loans, and home loans.

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