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How to Save Tax in India|Save Income Tax Legally|tax saving investment tips&tricks people don’t know

Автор: The Art Of Wealth Building

Загружено: 2020-12-02

Просмотров: 26954

Описание: #theartofwealthbuilding #taxsaving
Learn some tricks to save income tax like-
1) Give loan to you your wife and let her invest, to avoid clubbing of income
2) Gift your senior citizen parents some money and let them invest, to get up to 50,000 rs of interest benefit
3) Gift your adult child and let him/her invest to avoid clubbing of income.
4) Pay rent to your parents, and claim HRA legally.. How?
We have discussed 9 such tips to help you save much more tax, this tips not many people talk about.

There are certain lawful ways to save tax under the Income Tax Act, 1961 that entail some of the tax-saving mutual funds, NPS, insurance premiums, medical insurance, home loan and many others. Whether you are a salaried individual, a freelancer, a business owner or earn an income from your investments, you have to pay the taxes to the government as per the Income Tax Act.

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How to Save Tax in India|Save Income Tax Legally|tax saving investment tips&tricks people don’t know

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