Tax Saving Investments (Section 80C, 80D, 80G, etc.)
Before March 31, 2025, you should invest in tax-saving options to lower your taxable income if you have opted for the old tax regime. The Income Tax Act offers several important deductions, including the National Pension System (NPS), Employees' Provident Fund (EPF), Public Provident Fund (PPF), Tax-saving Fixed Deposits (with a five-year lock-in), and Equity Linked Savings Scheme (ELSS).
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