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WebApr 12, 2024 · Tax Saving Fixed Deposits ( FD ): This FD scheme is for a tenure of 5 years and provides tax deduction of up to Rs.1.5 lakh. The rate of interest ranges between 7.00% to 8.00%, which is taxable. National Saving Certificate ( NSC ): This scheme is for a tenure of 5 years and offers a 6.80% rate of interest. WebSep 21, 2024 · How to Save Income Tax in FY 2024-23. 1. Tax-saving and the Income Tax Act. The Income Tax Act came into effect in 1961. Everything pertaining to the imposition, collection, recovery and ... 2. Section 80C. 3. Section 80CCD. 4. Section 80D. 5. Section 80E. greenbrier resort to homestead resort
Income Tax Slab for FY 2024-23, FY 2024- 22 ICICI …
WebApr 14, 2024 · In India, individuals with an annual income of up to Rs. 2.5 lakhs are exempt from paying taxes. Deductions from gross total income for tax-saving investments, eligible expenses, donations, and more can be claimed to significantly reduce the amount of tax owed. Here are some top tax-saving tips that most people use. WebApr 11, 2024 · EPF is applicable for those employees whose monthly salary is above INR 10,000. The scheme provides an assured interest of 8.10% per annum, and comes with … WebFeb 22, 2024 · Efficient tax planning can help Amit save a good amount of money over the long run. With smart tax planning, he can enjoy his income to the fullest and achieve his financial goals as well. An estimate of his annual income can help him compute his expected taxable income and liability. This is the ideal starting point for effective tax … flowers waxhaw nc