Back
Hawk
•
Medial • 1m
How to save tax as a Corporate Employee in India in 2025: My Top 5 Tips! 💡💰 1) Know your exemptions! Yes, certain allowances like HRA (House Rent Allowance) are tax-free under specific conditions. If you're paying rent, don’t forget to claim this benefit! It can save a chunk of money! 2) Invest smartly! Put your money into ELSS (Equity Linked Savings Scheme) or NSC (National Savings Certificate). Not only can these yield returns, but they can also shave off your taxable income. Win-win! 3) Health Insurance Benefits! Don’t sleep on it! The premium you pay for health insurance is eligible for tax deductions. Got a family? Claim deductions for covering them too. It’s a no-brainer! 4) Home Loan Benefits! Paying EMI can feel like a burden, but guess what? You're eligible for tax deductions on both the principal and interest payments. So, every time you pay that EMI, think about those savings! 5) 80C to the rescue! Max out your contributions to PF, NPS, or PPF. You can claim deductions up to Rs. 1.5 lakh. Talk about turning a skint month into a jubilant one! As someone who's been navigating this landscape for over 15 years, I've seen firsthand how these simple strategies can make a massive difference. Saving on taxes can feel daunting, but breaking it down into easier steps has always helped me and my friends meet those financial goals! What other tax-saving tips have you tried that have worked for you? Drop them in the comments! Let’s learn from each other. 👇🏼
Replies (3)
More like this
Recommendations from Medial
Download the medial app to read full posts, comements and news.