How to Save Tax | Tax Saving Tips | Things to keep in mind for Income Tax Savings
As this question arises of “How to save tax” or “How to save income tax on salary”, for most of the people ‘tax savings’ means life insurance, PPF, EPF, Bank FDs and equity-linked savings scheme, among others, that qualify for tax deduction under Section 80C of the Income-Tax Act OR Home Loan Tax saving ways.
However, there are many unknown avenues that offer additional tax breaks to individuals. They are not widely discussed as they involve special situations in life such as having a special dependant, paying rent to parents, Senior citizen parents etc. In this video, we will discuss such hidden and not so popular options which you should consider before filing your tax returns.