Also read |Ayushman Card: Free Treatment Limit, Eligibility, and Benefits.

I. Section 80C: Your ₹1.5 Lakh Core

This is the foundation. You can claim up to ₹1.5 lakh deduction every financial year. The key is to blend high-risk, high-return options with guaranteed safety.

Real-World Example: Priya, earning ₹8 lakh (20% bracket), invests ₹1.5 lakh across these options. That investment happened. And then a tax saving of ₹30,000 followed. That’s money back in her bank account.

II. Beyond 80C: Stacking Extra Deductions

Don’t stop at ₹1.5 lakh. The system allows you to layer on more savings using other sections.

• Section 80D (Health Insurance): Premiums paid for health insurance qualify. You can claim up to ₹25,000 for self/spouse/children. But here’s the kicker: if you pay premiums for senior citizen parents, you get an additional ₹50,000 deduction.

  • Total Potential: ₹75,000 extra deduction.

• Section 80CCD(1B) (NPS): The National Pension Scheme offers a major loophole—an additional deduction of ₹50,000 that is over and above the ₹1.5 lakh limit of 80C.

  • If you are in the 30% tax bracket and invest that ₹50,000, that’s an extra ₹15,000 saved in taxes.

Also read |Ayushman Card: Free Treatment Limit, Eligibility, and Benefits.

 Portfolio Strategy: The Age Factor

Smart planning means aligning your risk tolerance with your age. Your 80C allocation should reflect this, not just the tax deadline.

• 20s–30s (Aggressive Growth): You have time to recover from market swings. Focus on growth.

  • ELSS: 60% (₹90,000).

  • PPF: 30%.

  • FD: 10%.

• 40s–50s (Balanced Approach): Stability becomes more important as retirement nears.

  • PPF: 40% (₹60,000).

  • FD: 35% (Guaranteed returns).

  • ELSS: 25% (Still need some growth).

Mistakes to Avoid (The Field Notes)

• Last-Minute Rushing: Rushing in March leads to poor product selection. Start in April. That allows for rupee-cost averaging in ELSS. You get better NAV prices.

• Ignoring Liquidity: PPF locks your money up for 15 years. FDs for 5 years. ELSS for 3. Balance your long-term goals with your need for access.

• Forgetting Post-Tax Returns: The interest on a Tax-saving FD is taxed, which reduces the final return. PPF and SSY are fully tax-free and often better long-term choices.

Start by maximizing 80C through a diversified mix—that’s the key. Don’t let those thousands in potential savings slip away.

Also read |Ayushman Card: Free Treatment Limit, Eligibility, and Benefits.

The post Tax-Saving Investments: Maximize 80C, 80D, and NPS Benefits. first appeared on Rightsofemployees.com.

1. Tax-saving investments

If you are using the old Income Tax regime , then you will have to make tax-saving investments for this financial year by March 31. Only then will you be able to claim deduction while filing income tax returns by July 31, 2025. You will not be able to claim deduction on tax-saving investments made after March 31 in the income tax return of FY25. Under Section 80C of the Income Tax Act, 1961, deduction can be claimed on tax-saving investments up to a maximum of Rs 1.5 lakh in a financial year.

2. Updated ITR (ITR-U) filing

You can file an updated return till March 31 to correct any mistake in the income tax return for the financial year 2021-22. If for some reason you have not filed the income tax return for FY22 and have not been able to file a belated return, then you can still file the updated return till March 31.

3. Invest in Mahila Samman Savings Certificates

The government had introduced this special deposit scheme for women. This scheme will not be available after March 31, 2025. If you want to invest in this scheme, then you can get an attractive interest of 7.5 percent by investing in this scheme with a tenure of two years. Investment in this scheme can be made in the post office.

4. Deposit in PPF and Sukanya Samriddhi Yojana

If you are a subscriber of PPF and Sukanya Samriddhi Yojana, then it is necessary for you to make a minimum deposit in both the schemes. This deposit has to be made before the end of the financial year. In PPF, you have to deposit a minimum of Rs 500, while in Sukanya Samriddhi Yojana, you have to deposit a minimum of Rs 250. If you do not do this, your account will become inoperative.

5. Benefit from tax-loss harvesting

You can use the profit earned on investments in the financial year for tax-savings. For this, you will have to sell some stocks or mutual funds on which you are incurring a loss. Your profit will be adjusted with this loss. This will reduce your tax liability. It is important to note that short-term capital gains can be adjusted with both short-term and long-term capital gains. But, long-term capital gains will have to be adjusted only with long-term capital gains.

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The post 31st March Deadline: THESE 5 tasks must be completed before March 31, you will not get the chance again first appeared on Rightsofemployees.com.