{"id":2938,"date":"2019-01-19T09:00:05","date_gmt":"2019-01-19T03:30:05","guid":{"rendered":"http:\/\/capitalante.com\/?p=2938"},"modified":"2020-05-19T11:00:39","modified_gmt":"2020-05-19T05:30:39","slug":"how-to-save-tax-in-india","status":"publish","type":"post","link":"https:\/\/capitalante.com\/how-to-save-tax-in-india\/","title":{"rendered":"How To Save Tax In India In 6 Easy Steps"},"content":{"rendered":"

Black money is one of the biggest obstacles in the way to achieve financial strength and security. Unfortunately, this black money is generated by the people themselves. It is a fact that everyone wants to earn money as much as he can but wants to pay fewer taxes to the government. To do so, many people hide their income or show a lesser amount of income than what they earn, so that they have to pay lesser tax to the government. In this way that hidden money gets converted to the black money. According to government laws, generating or accumulating black money by any means is a criminal offence<\/g>. And it is needless to say that black money holders become a part of this crime unknowingly. In this column, we will guide you on how to save tax in India by making use of the deductions available under chapter VI-A.<\/span><\/p>\n

Actually in our country India most of the people are ignorant. They do not have proper knowledge about Income tax and tax planning or management of tax. With the appropriate tax planning anyone can save a good amount of tax and with this, his\/her money will not turn into black money. The money will be white and of course legal. Tax planning is not overnight planning at all. You need to know the deductions allowed by the income tax act under the chapter VI-A, and then you can make good use of the deductions available.<\/span><\/p>\n

Tax Saving Options under section 80C of the income tax act, 1961<\/strong><\/span><\/h6>\n

You can avail the benefits of section 80C of Income Tax Act up to a maximum limit of Rs. 1, 50,000\/- for the Assessment Year 2019-20\u00a0by depositing money in the following schemes.<\/span><\/p>\n