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By Anshul Jul 29, 2022 11:24:17 AM IST (Published)
ITR filing: Whether you consider income tax a liability or a responsibility, there are ways to ensure that you're not paying more tax than you need to. Here are some of the unpopular ones
As the deadline to file income tax return (ITR) is nearing, taxpayers are trying their best to identify all 'income from sources' and file their returns accurately.
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The taxpayers ( who are filing returns under the old tax regime) are well aware of the popular deductions available under various sections that help in lowering the taxable income. Most of them try to make the maximum use of Section 80C limit by investing in popular schemes such as PPF, NPS, ELSS, NSCs. However, there are other ways of saving taxes too.
In a twitter thread, CA Chirag Chauhan talked about 11 lesser known tax deductions that salaried people generally miss while filing ITR: