When we rush to save tax in March, we tend to buy products which don't give great returns; some of the investments we make may not be ideal
Contrary to the common belief, it is absolutely fine to pay tax and not run behind making random investments in order to save a little here and there
If you have given the house on rent, you can offset the rental income with the interest on borrowed capital
Of this, personal income tax refunds of Rs 73,607 crore have been issued to over 2.06 crore taxpayers
Tax deductions available against contributions made towards National Pension Scheme (NPS) or the Atal Pension Yojana (APY) fall under Section 80CCD
Effectively, individuals can maximise tax benefit under section 80D to a total of Rs 75,000
You can claim tax deduction on investments up to Rs 1.5 lakh in avenues specified under section 80C of the Income Tax Act
Of this, personal income tax refunds of Rs 71,865 crore have been issued to over 1.99 crore taxpayers
All private and public sector banks offer this facility
If you are someone who tends to forget dates of tax-related filing deadlines, then you need to bookmark this link.