Save Tax like this before 31st March | Jagran Business- Watch Video

Saumya JaiswarPublish Date: 22 Mar, 2023

The deadline of 31st March has come very close. If you want to invest to save tax, then you can invest before this. After March 31, the time will come to file income tax return and if you have not invested, then you will have to pay more tax. And it's simple, who doesn't want to save their hard-earned money. By doing tax planning, you can also maintain your personal finance and tax liability also reduces. In such a situation, we are telling you which tax instruments will prove to be better for you, and where you can save tax.

Tax Saving on Investment

There are many investments on which the government keeps the investment out of the tax net. However, in some cases, the exemption on investment is available only up to a limit. But under section 80C of the Income Tax Act, you do not have to pay tax on investments up to 1.5 lakhs. In this, many like Public Provident Fund (PPF), Employees' Provident Fund (EPF), Equity Linked Savings Scheme, National Pension System (NPS), Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme (SCSS), Fixed Deposits (FDs) There are tax saving tools in which you can get tax exemption on investment.

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