Income tax saving for FY 23-24: How salaried taxpayers can claim deduction of up to Rs 3.85 lakh without HRA, loan

You can claim certain income tax deductions under different heads and therefore reduce your overall income tax liability. Section 80C of the Income-tax Act, 1961 is one of the most widely used deductions that offers a deduction of up to Rs 1.5 lakh in each financial year. But, there are others deductions as well that you can claim and lower your income tax outgo. Check what are the deductions that you can claim in FY2023-24.

from Tax-Wealth-Economic Times https://ift.tt/JAiQtwE