Sunday, 3 March 2024 It's that time of year when taxpayers under the old tax regime - mostly the salaried class - rush in to invest that extra amount to help them save some taxes under section 80C of the Income Tax Act. The tax saving options available to taxpayers are: Equity Linked Savings Schemes (ELSS), National Savings Certificate (NSC), PPF, NPS, fixed deposits (FDs), life insurance plans and a few others.
There are many tax changes to consider when filing this year. Kathy Pickering, Chief Tax Officer for H&R Block, touches on some notable ones to look out for. First, the IRS updated tax brackets for inflation, and if your earnings stayed the same, you'll pay less in taxes this year, which means a...
Equity Linked Savings Schemes (ELSS) are popular tax-saving options with a 3-year lock-in period. They offer higher returns compared to fixed-income products and... IndiaTimes
Sunday, 3 March 2024
