But, if you have not done anything for tax savings yet, there is still time. To save tax for the financial year, there are some tax deductions in which you can claim tax exemption on investments, earnings and other types of payments. The special thing is that those with salary up to Rs 8 lakh can save the entire tax. Let us understand how…

10 best options for income tax savings

1. Investment in LIC, EPF, PPF and pension schemes

The easiest and best saving option for income tax savings is Section 80C. Many types of tax exemptions are available in this. You can claim the premium of LIC policy. You can get tax exemption under 80C on Provident Fund (EPF), PPF, children’s tuition fees, National Savings Certificate (NSC), home loan principal. The exemption limit is Rs 1.5 lakh. Under Section 80CCC, if you have purchased an annuity plan (pension plan) of LIC or any other insurance company, then you can avail tax exemption. Under Section 80 CCD (1), if you have invested money in the pension scheme of the Central Government, then you can claim it. The tax exemption taken together cannot exceed Rs 1.5 lakh.

2. Save tax with home loan

You can avail tax exemption on home loan principal under section 80C. However, it cannot exceed Rs 1.5 lakh. Therefore, if you have claimed any other deduction in 80C (all plans of the first point), then remember that all these can be up to Rs 1.50 lakh only.

3. Home loan interest will save tax

Apart from home loan principal, tax exemption is also available on interest. You can avail this exemption under Section 24 (b) of Income Tax. In this, interest up to Rs 2 lakh comes under the ambit of tax exemption. This tax exemption will be available only if the property is ‘self-occupied’.

4. Invest in NPS

If you invest in the Central Government’s pension scheme New Pension System (NPS), then you get an additional exemption of Rs 50,000 under Section 80CCD (1B). This exemption is different from the tax exemption of Rs 1.5 lakh available in section 80C. Employer’s contribution can also be claimed in the Central Government Pension Scheme under Section 80CCD2. There are two conditions for this. The first is whether the employer is a Public Sector Unit (PSU), state government or anyone else. The limit of deduction in this is 10% of the salary. If the employer is the Central Government then the deduction limit will be 14%.

5. Health insurance premium

If you have taken health insurance, you can claim premium under section 80D. If you have taken a health insurance policy for yourself, partner, children and parents, then you can claim a premium of up to Rs 25,000. In this case the age of the parents should be less than 60 years. If your parents are senior citizens, the tax exemption limit will be Rs 50,000. Health checkup of Rs 5000 is also available in it. However, the deduction cannot exceed the health insurance premium.

6. Expenses for treatment of disabled dependents

Expenses incurred on the treatment or maintenance of disabled dependents can be claimed. You can claim up to Rs 75,000 in a year. If the disability of the dependent person is 80% or more, then a tax deduction of Rs 1.25 lakh can be claimed on medical expenses.

7. Tax exemption on payment for medical treatment

Under Section 80DD 1B of Income Tax, deduction up to Rs 40,000 can be claimed for the treatment of specific illness of self or any dependent. If the person is a senior citizen then this limit is Rs 1 lakh.

8. Tax exemption on education loan interest

Unlimited benefit of tax deduction on interest on education loan is available. Tax claim starts from the same year in which loan repayment starts. Its benefits are available for the next 7 years. You can avail tax exemption for a total of 8 years. Tax exemption is available on education loan of two children together. If a loan of Rs 25 lakh each is taken at 10% interest rate for two children, then annual interest of Rs 5 lakh will have to be paid on a total of Rs 50 lakh. Tax exemption will be available on this entire amount.

9. Rebate on loan for electric vehicles

Under Section 80EEB of Income Tax, if you have taken a loan to buy an electric vehicle, then tax exemption up to Rs 1.5 lakh is available on its interest payment.

10. House Rent Payment

If HRA is not a part of your salary then you can claim house rent payment under section 80GG. Yes, if your company gives HRA then you cannot claim house rent under 80GG.

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In partnership with renowned airlines like IndiGo, SpiceJet, Akasa Air, Vistara Airlines, AirAsia, Air India, Qatar Airways, Singapore Airlines and Gulf Air, Paytm guarantees the best prices, transparent transactions and zero cost, the company said in a statement. . Paytm users will get huge savings by booking tickets of these airlines.

Opportunity to get discount till 10th January

The company said that Paytm users can use the promo code ‘INTHOLIDAY’ while booking flight tickets. Use. By using this code, users will get good discounts on different routes. This offer is valid till January 10, 2024. Discounts will be available on booking tickets through Paytm, whether one-way or round-trip, through Paytm Debit Card, Credit Card, Net Banking, Paytm Wallet and UPI. The special 8 per cent discount up to Rs 3,000 will be applicable for visa-free destinations in other countries like Thailand, Malaysia, Bali, Sri Lanka, UAE and Singapore.

Discounts will also be available on domestic destination tickets

The company said that it is not that users will get discount only on international flight tickets. Every flight ticket booked through the Paytm platform will enjoy attractive cashback along with other special bank offers and seasonal promotions. What’s more, the most awaited shopping festival in Dubai will be live from 8th December to 14th January, with non-stop fun activities and festivities for an entire month.

The company said, “So, what are you waiting for? Plan your Dubai trip with Paytm today and use promo code ‘PTMDUBAI’. Enjoy 8 percent off and get ready for an unforgettable experience.”

The post Paytm great Offers! You will get a discount of up to ₹ 3000 on flight tickets – Details Here first appeared on Rightsofemployees.com.

A special campaign (LIC’s Special Revival Campaign) has been started by LIC, in which you can start your lapsed policy. Along with this, one is also getting the benefit of discount on re-starting the policy. LIC has given information about this by tweeting.

LIC tweeted

LIC has written on Twitter that a special revival campaign has been started by LIC. In this, policyholders are getting a chance to restart their lapsed policies. For information about this special revival campaign, you can contact LIC branch or agent.

LIC’s Special Revival Campaign – An opportunity for policyholders to revive their lapsed policies.
To know more, contact your nearest LIC Branch/Agent or visit https://t.co/jbk4JUmIi9#LIC #SpecialRevivalCampaign pic.twitter.com/xHfZzyrMkD

— LIC India Forever (@LICIndiaForever) September 26, 2023

You will get 30 percent discount in late fees

Let us tell you that LIC has told that customers will get the benefit of up to 30 percent discount in late fees. Those customers whose unpaid premium is more than 5 years old will not be able to avail this benefit.

You will get a discount of Rs 4000 in late fees

LIC is giving 30 percent discount in late fees. Customers will get the benefit of discount of Rs 3000 on policies with premium up to Rs 1 lakh. Apart from this, if the premium of your policy is between Rs 1 to 3 lakh then you will get a discount of Rs 3500. At the same time, on policies worth more than Rs 3 lakh, you will get a rebate of Rs 4000 in late fees.

Visit the official link

For more information about this campaign you can visit the official link http://licindia.in .

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That’s why whenever you buy a property, the biggest and most important task is to get it registered. But in the process of getting the land registered, another 5 to 7 percent of its cost is spent. That’s why people are always looking for ways to save money on registry.

Suppose you buy a property worth 50 lakh rupees, then you have to spend 2.5 to 3 lakh rupees in its registry. However, there are some ways that you can save a lot of money on registry. Here we are telling you about these methods.

Save on Stamp Duty Expenses It is often seen that the market value of a property is low while the circle rate is high. In this case, you will have to pay more stamp duty at the time of registration. But stamp duty will have to be paid less on the market value. In this case, you can save the expenditure on stamp duty by appealing to the registrar or sub-registrar. It has been provided under the State Stamp Act that if an appeal is made to the registrar to recover the stamp duty on the market value, the sale deed will remain pending for registration. In this way you can save money on stamp duty.

Save money from local stamp act

The income that is generated from land registry etc. goes to the state. Many times the registration fee is reduced by the state government. In such a situation, when a discount is being given in it, you can save a lot of money by getting the registry done at that time. In states like Maharashtra, Punjab and Uttar Pradesh, stamp duty is not levied on gift of property to a blood relative. However, the rules regarding this may be different in other states. Therefore, before the registry, you should know the Stamp Act of your state.

Women buyers can avail exemptions

Stamp duty and registration charges have been waived in many states if a woman is involved in the purchase of the property in joint or single purchase. This includes Haryana, Delhi, Punjab, Rajasthan and Uttar Pradesh. According to the Delhi government, if a land is registered in the name of a man, then 6 percent registration charge has to be paid on it and 4 percent in the name of a woman. With this, you can save up to 1.5 lakh tax in a year on the expenditure incurred on the registration of residential property.

The post Land registry: You can save money on land registry by these methods, know how to get discount? first appeared on Rightsofemployees.com.

IndiGo has brought a special offer for you, where you can save up to Rs.1000 on booking your flight tickets. Yes, in this offer of Indigo, you can save a lot on booking your flight tickets. But for this you will have to book by visiting the official app or website of Indio.

Indigo Tap my App Offer

According to the information available on the official website of Indigo, if passengers book tickets through the official website of IndiGo, then they get a discount of up to Rs 1000 on booking flight tickets. In this offer named Tap My App, customers are getting a discount of Rs 350 on domestic flight bookings and up to Rs 1000 discount on international flight bookings.

How long will the discount be available

Indigo said that the Tap My App offer for passengers is valid from April 17 to April 30 only. If passengers want discount on domestic flight, they should use 6EDOM coupon code. On the other hand, if they want offers on booking international flights, then they should use 6EINT coupon code.

More than 1800 daily flights

According to the IndiGo website, the airline company operates more than 1800 daily flights to more than 75 domestic and more than 25 international locations. The airline has a huge fleet of more than 300 aircraft.

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Radha Mohan Singh, chairman of the Parliament’s Standing Committee on Railways, has mentioned this in the report presented in Parliament recently.

The committee said, the railways had stopped the concessions given to senior citizens in various categories in view of the epidemic and Covid protocol. In this, 50 percent concession was given to women above the age of 58 years and 40 percent to men above 60 years of age.

The committee said that the railways is now moving towards normalcy, so they should give prudent consideration to the concessions given in different categories.

The committee wants that the concession being given to senior citizens before Covid should be reviewed and at least the sleeper, AC-3 should be considered for immediate concession. Railways used to give concession in 54 categories before the Corona epidemic.

The Ministry of Railways has clarified that concession has been started in 11 categories including four categories of Divyang, patients and students, but there is no idea to give exemption to senior citizens at present. It should be noted that railways gives concession in rail fare ranging from 10 to 100 percent in more than 50 classes.

There was relaxation in these categories

Railway Prime Minister-President Awardee, Senior Citizen, Sportsman, Artist, Widow, Student, Deaf, Deaf, Blind, Handicapped, Mental Patient, Disabled Passenger, Sportsman, Artist, Film Technician, Police, Army, Paramilitary killed while fighting terrorism Concession was given to the widows of force personnel etc. Senior citizens get 80 percent of the concessions given by the Railways in different categories.

The post Indian Railways: Good News! Senior citizens will get such a discount in rail fare first appeared on Rightsofemployees.com.

Radha Mohan Singh, chairman of the Parliament’s Standing Committee on Railways, has mentioned this in the report presented in Parliament recently.

The committee said, the railways had stopped the concessions given to senior citizens in various categories in view of the epidemic and Covid protocol. In this, 50 percent concession was given to women above the age of 58 years and 40 percent to men above 60 years of age.

The committee said that the railways is now moving towards normalcy, so they should give prudent consideration to the concessions given in different categories.

The committee wants that the concession being given to senior citizens before Covid should be reviewed and at least the sleeper, AC-3 should be considered for immediate concession. Railways used to give concession in 54 categories before the Corona epidemic.

The Ministry of Railways has clarified that concession has been started in 11 categories including four categories of Divyang, patients and students, but there is no idea to give exemption to senior citizens at present. It should be noted that railways gives concession in rail fare ranging from 10 to 100 percent in more than 50 classes.

There was relaxation in these categories

Railway Prime Minister-President Awardee, Senior Citizen, Sportsman, Artist, Widow, Student, Deaf, Deaf, Blind, Handicapped, Mental Patient, Disabled Passenger, Sportsman, Artist, Film Technician, Police, Army, Paramilitary killed while fighting terrorism Concession was given to the widows of force personnel etc. Senior citizens get 80 percent of the concessions given by the Railways in different categories.

The post Indian Railways: Good News! Senior citizens will get such a discount in rail fare first appeared on Rightsofemployees.com.