Tax Exemption: To take advantage of tax exemption, invest in these savings schemes by March 31!
Fri, 17 Mar 2023|
The current financial year is also going to end on March 31. The new financial year will start from April 1. If you are a taxpayer and want to save tax, invest in savings schemes by March 31.
Under Section 80C of Income Tax, a rebate of up to Rs 1.50 lakh is provided on the investment. For this reason, you can get the benefit of tax exemption by investing in Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, Public Provident Fund and National Pension Scheme.
You can also invest in fixed deposit schemes to avail tax deduction. If you have already invested in these schemes, then you should deposit your installment by March 31, 2023. By doing this you will get the benefit of tax exemption.