Income tax returns (ITR) filing: What is tax planning
Income tax returns (ITR) filing: The new fiscal has started and everyone should be firming up their investment plans to save tax. So how to make sure that your effort to save taxes is not compromised by your ignorance, and you still manage to save taxes? Let us understand what is tax planning as this is the first step?
3.You must have heard of some of the most popular income tax provisions. For example section 80C which allows you a tax benefit for your investment and some specified expense also, then there is your medical premium u/s 80D or HRA benefit for your monthly rental. Use them to the optimum level. Photo: PTI