Investment Plan- If you want to get relief from income tax, then invest in this scheme
If you are a salaried person, then you should invest a part of your earnings in a place where you get good returns, in such a situation, if we talk about Indians, then savvy investors are always looking for opportunities to save tax through strategic investments. Understanding these options not only secures your financial future but also optimizes your tax liabilities under sections like Section 80C and 80D of the Income Tax Act, today through this article we will tell you how you can save your tax,-
Health Insurance
Health insurance is important, which provides both financial security during medical emergencies and substantial tax benefits under Section 80D. By investing in a comprehensive health insurance policy, you can get tax exemption while protecting the well-being of your loved ones.
Guaranteed Return Plans
Amidst the uncertainties of the market, guaranteed return plans offer stability and attractive returns. These plans, which are usually associated with life insurance components, offer safe investment avenues with significant tax exemptions under Section 80C.
Retirement funds for long-term stability
Investing in retirement mutual funds like the Public Provident Fund (PPF) offers the dual benefits of low-risk investments and tax savings.
Tax saving FDs
These offer flexibility in terms of deposit tenure and offer tax exemptions under Section 80C, contributing to overall tax planning strategies.
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