Union Finance Minister Nirmala Sita Raman has reduced the tax on many other products including mobile in the financial budget 2022-23. Whereas this time also no direct exemption has been given to the tax payers. Here are 7 steps you can take to save your tax.

1- The best way to save income tax is to invest in 80C. In this, tax exemption of up to Rs 1.5 lakh is available. Even if the salaried person invests in a product like PPF, LIC, then tax will be saved and good returns will also be available.

 

2- A good way to save income tax is by investing in the National Pension System ie NPS. Investments in this also get tax exemption along with returns. 

3- 80 CCD (2D) There is a lot of relaxation in this rule. In this, you can save tax by investing in different pension funds.

4- 24 B This rule will reduce the difficulty. That means it will be easiest. You can take advantage of tax exemption in this by taking a home loan to buy or build a house. Tax exemption is available on the interest of the loan.
It is also known as Tax benefit on home loan . 

5- Tax exemption can be taken by showing the premium of health insurance in 80D . Everyone’s insurance limit is also different in Health Insurance Premium.

Through the 80-U rule, 40% and 80% of the disabled get exemption in Income Tax. 

7- 80G is such a rule, in which tax payers get relief. That is, taxpayers can also claim exemption in income tax by making charity or donation.

Finance Minister Nirmala Sita Raman showed the dream, tax on digital income too 

Nirmala Sitharaman has presented the budget. But according to experts, this budget is just like a speech. The tax slab has not changed. There is no concession related to Corona. Farmers have only got a say. Whereas the government will now launch a digital currency. Also, cryptocurrencies, which have become the most popular means of investment, will charge 30% tax on earnings.