There are certain investments and expenditures those have exemptions from paying tax. Here is the list of both investments and expenses that comes under this policy. Follow the list given to save on your tax and get relief from the investments and expenses that you make.
Which Investments have got Tax Exemption?
All these above investments and expenses included, in a financial year, a maximum of tax relief can be availed only for Rs. 1,00,000.00
Which Expenditures have got Tax Relief?
Tax relief of Rs. 50,000 of the dependent on the tax payer (it is Rs. 1,00,000 if the the person is severely challenged)
The above lists of investments and expenses have got a tax relief as mentioned. If you are looking for ways to save tax on your investments or else looking for new investment options to save on your tax, you can well decide on it. It is the same on the expenses while calculating on your payable tax amount.