5 Smart Tax Saving Ideas Before Financial Year End

Category: Tax Planning

From ELSS to NPS, explore options under Section 80C and beyond.

Max Section 80C (₹1.5L): ELSS for growth, PPF/EPF for safety, 5-year FD for certainty, SSY for girl child.

Use NPS (Sec 80CCD(1B)) for extra ₹50k deduction; choose equity allocation per age and risk.

Claim health insurance (Sec 80D), home loan interest (Sec 24), and education loan interest (Sec 80E).

Plan donations (80G) and rent deductions where eligible. Avoid last-minute investments—spread across the year.

Evaluate old vs new tax regime annually; compute both to pick the better net outcome.

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