How to Save Tax Legally in India

Published on: February 19, 2025

There are several legal ways to save tax in India. You can invest in PPF, ELSS, and Fixed Deposits under Section 80C (₹1.5 lakh deduction). Under Section 80D, you can claim a deduction for medical insurance premiums. If you receive House Rent Allowance (HRA), you can claim exemptions under Section 10(14). Business owners can also claim deductions on travel, rent, and depreciation. Knowing these tax-saving strategies will help you maximize your earnings.