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Articles tagged Tax Saving on FinWiz24 — plain-English guides on tax, GST, loans, and personal finance.
The HRA exemption helps salaried employees cut their tax bill by thousands every year. Here is exactly what it covers, who can claim it, how to calculate it with real numbers, and what homeowners can claim instead.
NPS offers three separate tax deduction sections under the Income Tax Act 2025. Here is how Sections 80CCD(1), 80CCD(1B), and 80CCD(2) work, with real rupee examples and a comparison to 80C.
Section 87A of the Income Tax Act 2025 gives a rebate of up to ₹60,000 to residents whose total income is up to ₹12 lakh per year under the new tax regime. Here is exactly who qualifies, how the math works, and what it means in practice.
Section 24(b) of the Income Tax Act 2025 lets you deduct home loan interest from your rental income — up to ₹2 lakh per year on a self-occupied property, and with no cap on let-out property. Here is exactly how it works, who qualifies, and how much you save.
Section 80D of the Income Tax Act 2025 lets you deduct health insurance premiums for yourself, your family, and your parents — up to ₹1 lakh in total. Here is exactly what the deduction covers, who qualifies, and how much you actually save.
When you receive salary arrears, gratuity, or commuted pension in one lump sum, it can push your tax rate up sharply. Section 89(1) of the Income Tax Act 2025 lets you claim relief — here is exactly how it works, who qualifies, and how to file Form 10E.