INCOME TAX RETURN 

SURPRISING TAX-SAVING TECHNIQUES IN SECTION 80

Published By MintGenie Team | 10 Apr, 2024
Beyond the familiar Section 80C investments like PPF and ELSS, lesser-known strategies offer significant tax benefits.
Here are some tax-saving tips in Section 80
Credit : UNSPLASH

Section 80GG

Section 80GG provides tax exemptions for individuals renting accommodation, subject to specific conditions regarding income and property ownership.
Credit : UNSPLASH

Section 80D

Individuals can claim deductions on medical insurance premiums under Section 80D, with additional benefits for preventive health check-ups.
Credit : UNSPLASH

Section 80CCD(1B)

Supplementing Section 80C deductions, Section 80CCD(1B) allows for an extra deduction of 50,000 for contributions to the National Pension System. 
Credit : PIXABAY

Optimizing Tax Planning with Section 80

Section 80 encompasses various provisions aimed at reducing tax burdens and promoting savings, covering investments, medical insurance, and long-term capital gains.
Credit : PIXABAY