Effective Tax Saving Tips for Individuals

Money Saver
Money Saver

Want to pay less tax without breaking the rules? Here are proven strategies:

  • 💰 Invest in ELSS (Equity Linked Saving Schemes) – Section 80C eligible and offers market-linked returns
  • 🏥 Buy Health Insurance – Premiums qualify under Section 80D (up to ₹75,000 depending on age)
  • 🏠 Claim HRA – If you're paying rent and have salary income
  • 📚 Education Loan Interest – Deduction under Section 80E
  • ☀️ Install Solar Panels – Claim green home loans and deductions

🌱 These reduce taxable income while building wealth or securing your future.

Use ITR2Doc to calculate your income and check what deductions you're missing!