Smart Ways to Save Tax in FY 2026-27

Akshita Pidiha

Start early with tax planning to avoid last-minute financial stress and missed opportunities

Invest under Section 80C in options like PPF, ELSS, and life insurance to claim deductions

Use health insurance premiums under Section 80D to reduce taxable income

Claim HRA benefits if you live in rented accommodation

Home loan borrowers can save tax on both principal and interest payments

National Pension System (NPS) offers additional tax benefits beyond 80C

Keep track of all deductions and exemptions to avoid overpaying taxes

Choose between old and new tax regime wisely based on your income structure

Maintain proper documentation to ensure smooth filing and claims

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