How to reduce Income Tax Liability in India? Methods to save Tax in India || Best Investment Ideas to save Tax

In India, we have to pay Income Tax if income increase the certain limit prescribed by the Government of India. You can check those Criteria and Slabs Here From the Financial Year 2019-20, Income Tax Department of India has introduced 2 Regimes of Tax Calculation as "Old Tax Regime" and "New Tax Regime" where the Taxpayer can choose any of the regime where he/she can save the maximum tax and can file the return New Tax Regime comes with many restrictions of Deductions. If you want to save Tax then New Tax Regime will be not beneficial for you because it restricts all the deductions such as 80C, 80D, 80TTA etc. New Tax Regime is only helpful for those who don't want to invest or they are not able to claim any of the following deductions mentioned below (points 1 to 10 as mentioned below) Now comes to Old Tax Regime, Every year people with huge income search for the best options to Save maximum Tax so that they don't need to pay excess tax to the government. ...