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Optimize tax-saving strategies by evaluating investments and contributing to options like LIC policies, PPF, FDs, Tax Saver Mutual Funds, NPS, and health insurance premiums. Leverage home loan deductions to lower taxable income effectively
FM Nirmala Sitharaman on Thursday highlighted that in the last five years, the focus of the government has been to improve the services of the taxpayers using reforms like faceless assessment, updated income tax returns and new Form 26AS.
Budget 2024: The middle class is eagerly awaiting some income tax reforms that would enable them to curtail their tax outgo
Donations made to the Shri Ram Janmabhoomi Teerth Kshetra are eligible for deduction under Section 80G of Income Tax Act, 1961
ClearTax's founder and CEO, Archit Gupta, told Mint Live that the upcoming Budget will offer a chance to resolve outstanding issues and lay the groundwork for future economic expansion.