Tax Savings: Save Tax? Investment in these tax savings schemes is a working day.

Deadline alert! There is still only one week’s deadline to invest in tax savings schemes for the financial year of 2024-24. Whether you choose or choose the old tax system .. Invest in tax savings schemes by 31 March, 2025.

Experts recommend that if your tax calculation is less in the new tax system than the old tax system (even after tax deduction), it is not necessary to continue with the new tax system and invest not only for tax savings.

Remember this ..

1. Deadline: Taxpayers should invest in tax savings schemes by 31 March to get tax deduction for the financial year 2024-25. Investment after March is considered a tax savings next year.

2. Tax Savings Equipment: Save tax There are many options to invest in devices. Sections 80C, 80cc, 80CCCDI (1) and 80G schemes can be invested.

Tax savings schemes under 80C include NSC (National Savings Certificate), PPF (Public Provident Fund), KVP (Kisan Vikas Paper), SSY (Sukanya Samradhi Yojana) and SCSSSSSSSSSSSSSSSSSSSSSSS.

At the same time, Section 80 CCC contributes to some pension schemes that provide life insurance. 80 ccd (1) contributes to NPF. At the same time, the relief funds provide tax deduction to donations and donations.

3. Maximum limit: It should be remembered that the maximum limit for all savings equipment under Section 80C, 80cc and 80ccDi (1) is Rs 1.5 lakh.

4. Although you are Rs. Can invest more than.

5. New tax policy: Select the old tax system as mentioned above? Or select a new tax system? Taxpayers should think. Invest in tax saving schemes if the old tax system. This decision can be made using the income tax calculator given on the Income Tax Department website.

Here, you can guess in which taxation you can take income tax responsibility from registration.

One more thing! HT Telugu is now available on WhatsApp channels. Follow the HT Telugu channel on WhatsApp for the latest updates of the finance world.