5 Tax Saving Plans To Meet Your Investment Needs


BENGALURU: Despite the fact that India has population over a billion, thetotal percent of Income Tax Payers is just around 3 percent of the overall population. Anyhow with growing number of jobs and gradually improving economy, number of tax payable population is also increasing. Hence people’s interests on tax saving schemes have been trending since few years. As government consents tax deduction to certain extent if the taxable money is invested on income tax saving schemes, as per the 80C section of the constitution, reports Yahoo Finance.

Home Loan:

Home loans are mostly considered as a burden by most us, but how many of us know about the tax saving benefits of home loans?  According to 80C section of the income tax, an individual who is under the debts of home loan can avoided tax up to 1, 50, 000 in a fiscal year 2015-16. However these benefits are only available on home loans and loans on commercial properties are an exception under 80C.

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