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Despite the increase in awareness around the importance of incorporating tax planning into the overall financial planning strategy and starting early, many tend to put off the process until the last minute.
Financial Literacy News: Tax-saving time is here. You have until March 31, 2024, to finalize your tax-saving plans for the 2023-24 financial year. If you're sticking to the old tax rules, there are plenty of deductions and exemptions to help you save on income tax.
These dates pertain to a few regulations that taxpayers and investors must follow in order to prevent any last-minute headaches or losses due to penalties or fines for missing the deadlines. The following are some of the important dates that fall in the month of March 2024.
Tax planning: In a hurry to save on taxes under section 80C, which offers tax deductions of up to Rs 1.5 lakh on certain instruments, including life insurance premiums, many end up buying products such as endowment plans and unit-linked insurance policies (Ulips) that they do not necessarily need.
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