Income Tax Planning Tips for Salaried Professionals in India

Tax planning is not just for year-end. Salaried employees can save significant amounts with proper strategy. Here are expert tips from CA Jitesh Gupta & Co.:

1. Old vs New Tax Regime
   Evaluate both regimes. The old regime allows deductions, while the new offers lower rates with no exemptions.

2. Utilize Section 80C
   Invest in PPF, ELSS, life insurance, or repay your home loan to claim up to Rs. 1.5 lakh deduction.

3. Health Insurance (Section 80D)
   Claim deductions for premiums paid for yourself and your family.

4. HRA & LTA
   Maximize House Rent Allowance and Leave Travel Allowance benefits if eligible.

5. Education Loan Interest (80E)
   Interest on education loans is fully deductible for up to 8 years.

6. NPS Contributions (80CCD)
   Save more with an additional Rs. 50,000 deduction under NPS.

7. Avoid Last-Minute Planning
   Spread investments across the year for better returns and ease of compliance.

Tax planning tailored to your salary structure can bring down your tax liability. Let CA Jitesh Gupta & Co. help you create a tax-efficient financial plan.

Need professional help with your taxes or business finances? Contact CA Jitesh Gupta & Co. today and let our experts guide you toward financial success.