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Look for Tax deductions: A lower income means lower tax, right? That’s what a tax deduction helps you do—cut taxable income to reduce your income tax.
Look for Tax exemptions: If the income is not taxed to begin with, then no or less tax, right? That’s what a tax exemption gets you—zero or lower tax.
Know what gets you tax deductions?
lower taxable income by Rs 1.5 lakh
Choose from the 10 tax-saving investments for a Rs 1.5-lakh tax deduction
Why insurance is the right tax-saving instrument
Life Insurance Plans as per Section 10(10D)
Look for Tax deductions
Know what gets you tax deductions
Choose from 10 tax-saving investments