Who wouldn't want to save tax?
Who wouldn't want to save tax? You will also try to save tax in different ways. It is quite common to try to save tax by investing in them. Most people make this investment to protect the future as part of their financial planning. At the same time, people almost always focus on taking tax benefits under section 80C. But do you know that there are many sections under which it is possible to save income tax. We tell you 5 such special options, through which you can save tax up to Rs 1.5 lakh. Health insurance premium comes first among them. If you are paying health insurance premium, then claim tax deduction under section 80D. An amount of Rs 25,000 is eligible for tax break, while in case of senior citizens it increases to Rs 30,000. The exemption limit under this section has been set at only Rs 60,000. Let us know about 4 other such options. Tax benefit under section 80E on interest on education loan If you have taken education loan for your child or yourself, ...