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33.7%First documentHow to Save Tax If You Are a Freelancer | Generali CentralOpen original ↗
Second documentHow to Claim Tax Deductions Under Section 80C | Generali CentralOpen original ↗
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5. How can freelancers save tax on their retirement savings?
Happy food: the scientifically proven way to improve mood
5. Are tuition fees for children covered under Section 80C?
Happy food: the scientifically proven way to improve mood
5. How can freelancers save tax on their retirement savings?
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5. Are tuition fees for children covered under Section 80C?
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· Health Insurance
Investing in a comprehensive health insurance plan not only safeguards your finances against medical emergencies but also offers tax benefits. Premiums paid towards health insurance for yourself, your spouse, and dependent children are eligible for deductions under Section 80D.
5. Life insurance premiums
Premiums paid towards life insurance policies for yourself, your spouse, or your children are allowed as deduction under Section 80C.
· Equity-Linked Savings Scheme (ELSS)
ELSS mutual funds offer the dual advantage of long-term capital appreciation and tax deductions under Section 80C. With a three-year lock-in period, these funds offer a convenient way to save on taxes while participating in the stock market's growth potential.
3. Equity-linked savings scheme (ELSS)
ELSS mutual funds offer the dual benefit of market-linked returns and tax savings. They come with the shortest lock-in period of 3 years among all Section 80C of Income Tax Act investments.