Know your cash outflow as well as inflow
How can you save tax?
You can legally save tax through the following:
Investment under section 80C, 80CCC and 80CCD such as equity oriented mutual funds, PPF, EPF, life insurance policy etc.
Insurance under 80D, 80DD, 80DDB
Home and education loans
On long term capital gains
Donations, etc.
What is tax saving calculator and how does it work?
The Bajaj Capital tax saving calculator is an easy to use tool that helps you calculate your tax liability and savings under various income tax provisions. All you need to do is fill in your basic details such as name, age, income etc. Then you need to provide your tax rebate under different sections of Indian Income Tax Act such as 80C, 80D, 80CCD etc.
Benefits of tax saving calculator
The calculator offers you the following benefits:
It's very easy to use
Calculates your tax liability based on your income
Tells you how much you can save through various tax saving instruments
Helps you plan your investment for tax purposes
So, invest smartly with tax saving calculator and see your wealth grow. Bajaj Capital also offers a complimentary copy of the Tax Saving Guide through mail.