Have you done your tax-saving right? Find out here

THE ECONOMIC TIMES Sat, Feb 22, 2020 | 12:03 PM IST Tax-saving guide

Have you done your tax-saving right? Calculating your tax liability correctly and using the tax breaks offered under Section 80C are few points to check during your tax-saving exercise. Want to know how much you need to invest to save tax? Here's help Depending on the kind savings or expenditures you incur, under sections 80C and 80CCD1b of the Income-Tax Act, you are eligible for certain tax deductions. PPF: A safe option to save tax and fund your retirement Since the Public Provident Fund (PPF) has a long tenure of 15 years, the impact of compounding is huge, especially in the later years. 10 things to know before you buy term insurance plan To save on tax or pay a low premium, don't just buy any term plan without reading the terms & conditions. Here are a few important things one should consider. What is Sukanya Samriddhi Yojana? All you need to know A Sukanya Samriddhi Account can be opened any time after the birth of a girl till she turns 10, with a minimum deposit of Rs 1,000. How to save tax on health insurance premium Premium paid towards health cover for self, family and parents not only provides financial help in case of medical emergencies but also reduces tax liability. Senior Citizens Savings Scheme saves tax, beats bank FDs Backed by the government, the scheme offers capital protection, along with quarterly interest payment as a source of income. Claiming HRA tax exemption in different rental situations Here are 3 scenarios young earners are likely to face while claiming tax exemption on HRA and how they can deal with these. Can these deductions make you tax free? Different sections under the Income-Tax Act correspond to different savings or expenses, some of which are eligible for tax deductions and could be a great way to show that you are actually out of the taxable bracket. Here are 8 such deductions. How investing in NPS can help you save tax Although the National Pension System comes with exempt-exempt-exempt (EEE) tax status, there is a catch.

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