Tax Saving
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Are you interested in learning more about how FinTaxCare can help you take advantage of these tax-saving opportunities?
Under the Indian Income Tax Act, taxpayers have opportunities to reduce their tax liabilities through deductions under Sections 80C and 80D.
Tax Saving Opportunities in India
Stop overpaying taxes! Let FinTaxCare be your guide to a smarter tax season.
Feeling frustrated by high taxes? You’re not alone. But did you know there are legal ways to reduce your tax burden in India?
At FinTaxCare, we help individuals like you maximize their tax savings Strategic Tax Planning, Personalized Recommendations, and Compliance Expertise: We ensure your tax filings are accurate and optimized to minimize your tax liability.
Section 80C Deductions: Taxpayers can claim deductions up to Rs. 1.5 lakh by investing in various instruments such as, among others:
- Employee Provident Fund (EPF)
- Public Provident Fund (PPF)
- Equity Linked Savings Schemes (ELSS)
- National Savings Certificate (NSC)
- Tax-saving Fixed Deposits
- Sukanya Samriddhi Yojana (SSY)
- Senior Citizens Savings Scheme (SCSS)
- Life Insurance Premiums
- Principal Repayment on Home Loan
Section 80D Deductions: Deductions are available on premiums paid for health insurance policies:
- Maximum deduction of Rs. 25,000 (Rs. 50,000 for senior citizens) for self and family
- Additional deduction of Rs. 25,000 (Rs. 50,000 for senior citizens) for parents
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