Tax-Saving Hacks Every Salaried Indian Should Know

Maximizing tax savings is crucial for every salaried Indian. Start by fully utilizing Section 80C deductions—invest in ELSS, PPF, or pay life insurance premiums. Claim HRA if you live in rented accommodation, and take advantage of Section 80D for health insurance premiums. Use NPS contributions for additional deductions under 80CCD(1B). Don’t forget interest on home loans under Section 24(b) and 80EEA. Keep track of deductions on education loans and donations. Opt for the old tax regime if it benefits you more. Strategic planning and smart investment choices can significantly reduce your tax burden while securing your financial future.