Top 8 investment strategies to save tax in India 2023? Do you know? You can pay zero tax if your Annual CTC is 10 Lakhs per annum. Here I am going to tell you 8 investment strategies to save tax in India in 2023. But how? How a software engineer can save tax If an annual CTC is under 10 LPA 2023? 8 investment strategies to save tax in India in 2023- 1- Avail Standard deduction of ₹50,000/- u/s 16(ia) of the Income Tax Act. 2- Pay the health insurance premium of your senior citizen parents and get an exemption of ₹50,000 3- I nvest in NPS (National Pension System)& claim ₹50,000 under section 80CCD (1B) of the Income Tax Act. 4- Invest in EPF, PPF, ELSS, Government Bonds, NSC etc. or paying LIC premium of self, you can claim a maximum deductible of ₹1,50,000 5- You can avail an exemption of ₹25,000 on self-health insurance premiums under Section 80D of the Income Tax Act. 6- You can avail ₹25,000 more deductions with ₹5,000 on preventative health check-u...
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