Best Ways to Save Tax in India for Salaried Employees

Saving tax in India for salaried employees involves smart planning and efficient use of available exemptions and deductions. Key strategies include investing under Section 80C in instruments like ELSS, PPF, and life insurance, claiming HRA and LTA benefits, and utilizing deductions under Section 80D for health insurance premiums. Opting for the new or old tax regime wisely, based on income and deductions, can also impact savings. Contributions to NPS (Section 80CCD) and home loan benefits (Sections 24 and 80EEA) further reduce taxable income. Timely tax planning ensures compliance while maximizing savings and long-term financial growth.