Top 10 ways to save tax in FY 2020-21
Chhota CFO15 Juli 2021

Top 10 ways to save tax in FY 2020-21

People are always looking for ways to pay less taxes and they look for all possible ways – like getting in touch with the best tax consultants, hiring the best CA firm, or getting the information available on the internet.

Directions to save tax in India:

1. By claiming expenses

To save money on income taxes, you will have to claim the expenses you have incurred.

2. Investing in tax-exempt securities

Here are Top 10 ways to save tax in FY 2020-21:

1. Income from agriculture:

2. HUF and extra income:

3. Provisions under section 80C:

4. Amount received as per voluntary retirement scheme:

5. When HRA is not a part of salary:

6. When HRA is a part of salary:

7. Distribution of profit in partnership firm

8. Money spent on donation to political party

9. Expenses for treating specific diseases

10. Amount from provident funds

These are some of the small tips to save on taxes but I am sure if you would like to save even more book a free call with our tax expert at Chhota CFO, Bangalore – where they will guide you each and every ways to save money on taxes.

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