Tax-Saving Strategies for Salaried Persons in FY 2023-24 - Delhi

When it comes to income tax in India, it's based on a fair system called the 'slab system.' This means that people who earn more pay higher taxes, while those who earn less pay lower taxes. Most Indian taxpayers are salaried workers. They can use tax saving options to reduce their tax bill. Here are 5 tax saving options for salaried individuals to save tax in India:

1. Tax Saving under Section 80C, 80CCC and 80CCD(1)

2. Tax Saving Options Under Section 80D

3. Section 80E: Maximizing Tax Savings

4. Tax Deductions Available Under Section 80TTA

5. Leveraging Section 24B for Tax Savings