“Save Tax on Salary”
There are several ways to save taxes on salary income in India, including:
Investing in tax-saving investments such as Public Provident Fund (PPF), National Savings Certificate (NSC), and Equity-Linked Savings Scheme (ELSS) under Section 80C of the Income Tax Act.
Claiming deductions for medical expenses, education loan interest, and rent paid under Section 80D, 80E, and 80GG, respectively.
Investing in a National Pension System (NPS) account, which is eligible for tax deductions under Section 80CCD.
Investing in a tax-saving fixed deposit (FD) under Section 80C.
Split your salary between your spouse, and invest the amount in tax-saving options.
Avoid taking loans for non-productive purposes, as the interest paid on these loans is not eligible for tax deductions.