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Post tax Season networking and outreach tips

People think about and enquire about Income tax saving tips only towards the end of a financial year. Result of this is they will invest money in all familiar and unfamiliar options in order to save tax. Taking steps on this earlier itself can help a lot in saving money.

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Post tax Season networking and outreach tips

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  1. Post Tax Season Networking and Outreach Tips People think about and enquire about Income tax saving tips only towards the end of a financial year. Result of this is they will invest money in all familiar and unfamiliar options in order to save tax. Taking steps on this earlier itself can help a lot in saving money. You can ask assistance on this regard to any tax consultants or finance specialists. http://www.simplifiedlaws.com/

  2. Tax saving tips http://www.simplifiedlaws.com/

  3. The income tax Act offers many types of allowances and incentives to people that can substantially help them in reducing the tax payments. We will check some of the smart ways through which we can save tax.             • Do you know restricting your salary is able to help you in minimizing tax payments? But this is possible only when you are having good contacts with the HR department. Otherwise, the company should permit you to do so. http://www.simplifiedlaws.com/

  4. that can be shown as per Section 80C for tax deduction are equity linked savings scheme, life insurance policies, provident fund, National Savings Certificate etc. You can also show 5 year bank deposit and post office accounts, other than education fees of children. http://www.simplifiedlaws.com/

  5. Many people have the habit of searching for tax saving schemes only at the time of paying tax. This can be avoided so as to make sure you are investing in those schemes that have long term benefits. Under setion80EE those who have taken a home loan for the first time will get tax deductions. But there are clauses and conditions on this regard. • The value of the house should not be more than 40 lakh and the amount taken as loan should not be more than 25 lakh. Again, the period on which the loan was sanctioned will also be checked. Under this section a person will get at least one lakh tax deduction. • The part of the EMI that become part of loan amount is eligible to be claimed under Section 80C of Tax Act. As per the act, a person can claim a maximum of rupees one and a half lakh. http://www.simplifiedlaws.com/

  6. One should plan tax deductions plans in advance so as to get maximum benefits. What about NRI taxation in India? You should dig more into tax related subjects for getting more information on this topic.

  7. CONTACT US Simplifiedlaws WILLSON GARDEN BANGALORE-560027 Email : team@simplifiedlaws.com Website : http://www.simplifiedlaws.com/

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