TAX PLANNING

Tax Planning

  • SAVE TAX UNDER SECTION 80D, SECTION 80DD, SECTION 80DDB. The Income Tax Act also allows for deductions to save tax if the expenditure has been made by the taxpayer for insuring his own health or the health of his relatives. Different amount of deductions are allowed under each of these sections which help in tax saving depending on the type of Insurance Policy which is as follows:-
  • Section 80D: Medical Insurance Premium of Self or Spouse or Children
  • Section 80DDB: Treatment of Specified Diseases
  • Section 80E
  • Section 80G