Tax Saving Tips 2025: If you think that income tax savings are limited only to section 80C, then it is not so at all. Apart from 80C, there are many options, with the help of which you can save tax up to ₹ 4 lakh. Here we have brought for you a list of 9 such smart and easy ways, with the help of which you can save a large part of your hard-earned money from going into tax. Along with tax savings, it will also help in better financial planning.

Section 80CCD (1B)

Invest in NPS and get an additional exemption of up to ₹ 50,000- If you have taken full advantage of the exemption under 80C, then you can invest an additional amount of up to ₹ 50,000 in NPS (National Pension System). This exemption is available under 80CCD (1B). Also, it is beneficial for your retirement.

Section 80D:
Tax exemption on health insurance- If you have taken a health insurance policy for yourself, your family, or your parents, then you can avail of a deduction of up to ₹ 25,000. If your parents are senior citizens, then this exemption can be up to ₹ 50,000.

Section 80E
Tax exemption on education loan- If you have taken a loan for higher education for yourself or your children, then you can claim tax exemption on its interest. This exemption is unlimited and you can avail it until the loan is repaid.

Section 24B
Exemption on home loan interest- If you are taking a home loan, then you can get a deduction of up to ₹ 2 lakh on its interest under Section 24B. This will not only lead to tax savings, but you will also be able to build your wealth.

Section 80G

Donate and save tax If you donate to a recognized charity or relief fund, you can avail of tax exemption under Section 80G. Note that this exemption can be up to 50% or 100% of your donation amount.

Section 80TTA

Deduction on interest on savings account- If you have a savings account, interest on it up to ₹10,000 per annum is exempt. For senior citizens, this exemption can be up to ₹50,000 under 80TTB.

Section 80EEA

Deduction on a first-time home purchase- If you are buying a home for the first time and its value is less than ₹45 lacks, you can avail of an additional deduction of up to ₹1.5 lacks on home loan interest.

Section 80DD
Exemption on care of disabled dependent- If there is a disabled member in your family, then you can get an exemption of up to ₹ 75,000 on their care and medical expenses. If their disability is more than 80%, then this exemption can be up to ₹ 1.25 lakh.

Section 10(14)
Benefit of HRA (House Rent Allowance)- If you live in a rented house and avail of the benefit of HRA, you can also avail it by paying rent to your parents. Claiming it correctly can increase your tax savings. For this, you will have to show the rent receipt and rent agreement.

Contact a financial advisor.
By adopting these methods, you can save tax up to 4 lakhs. This planning will not only give you relief in tax but will also strengthen your financial security. Always contact a financial advisor for correct information.

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