Tax Saving Options for Salaried Employees

Tax Saving Options for Salaried Employees

๐Ÿ“ข Tax Saving Investment Options for Salaried Employees ๐Ÿ’ฐโœจ ๐Ÿ’ก Save Taxes with Section 80C (Up to โ‚น1.5 Lakh) โœ… ELSS (Tax Saving Mutual Funds) โœ… 5-year Tax Saving FDs โœ… PPF (Public Provident Fund) โœ… Sukanya Samriddhi Yojana (SSY) โœ… Senior Citizens Savings Scheme โœ… Life Insurance Premium โœ… National Savings Certificate โœ… Principal Paid on Home Loan ๐Ÿฉบ Health Insurance Tax Benefits ๐Ÿ‘‰ Self & Family: Deduction up to โ‚น25,000 ๐Ÿ‘‰ Self & Family + Parents: Up to โ‚น50,000 ๐Ÿ‘‰ Self & Family + Senior Citizen Parents: Up to โ‚น75,000 ๐Ÿ  HRA (House Rent Allowance) Tax Savings Your tax-free HRA is the lowest of: 1๏ธโƒฃ Actual HRA from employer 2๏ธโƒฃ 40% of Basic Salary (50% for metro cities) 3๏ธโƒฃ Rent Paid โ€“ 10% of Basic Salary ๐Ÿก Home Loan Tax Benefits โœ… Deduction of up to โ‚น2 Lakh on interest paid ๐ŸŽ“ Education Loan โœ… No limit on tax deduction if the loan is for yourself, spouse, or children! ๐Ÿšจ Remember: These deductions are available ONLY under the old tax regime for this FY! ๐Ÿ’ฌ Drop your questions in the comments & SAVE this post for later! ๐Ÿ“Œ๐Ÿ’ฐ #TaxSaving #SalariedEmployees #IncomeTax