India is a high tax country, and paying tax is a social responsibility. It is difficult when we have to pay heavy tax for our hard-earned money. So each year, for tax eligible income, taxpayers make it a point to lower the tax by any means. However, being compliant with the income tax law, tax can be reduced. For that, you need a talented, trustworthy, and experienced accountant who can start with the financial planning exercise for you. We, at Multi Wealth, help all who are seeking guidance for tax planning to save their earned money.
Under the income tax act, many tax deduction sections are present. Here is how you can make the best use of them to lower your tax.
Non -Investment Oriented options comprise the following:
Other sections for tax deduction are: Section 80C, Section 80 D – Medical insurance, Sec 24 (b) – Interest component of home loan, Charity – Sec 80 G, Sec 80GGB and Sec 80GGC, Education – Sec 80 E, and Capital Gain Tax etc. For a complete assistance on tax planning, contact us today!