Maximize your tax savings: a guide to deductions and exceptions
Underlying deductions and exceptions are crucial to reduce taxable income and optimize financial planning. Easy tax simplifies the submission of taxes and ensures that individuals maximize their savings in accordance with the Income Tax Act.
Large deduction according to the Income Tax Act
Section 80c: Cut up to 1.5 lakh for investment in PPF, ELSS, EPF, NSC and life insurance.
Section 80d: Tax benefits for health insurance premiums up to $ 25,000 for individuals and up to $ 50,000 for pensioners.