How to Maximize Deductions During ITR Filing
Maximizing deductions during ITR filing can help reduce your taxable income. Common deductions include those under Section 80C for investments in PPF, NPS, and life insurance premiums. Additionally, you can claim deductions for health insurance under Section 80D and for education loans under Section 80E. Taking advantage of these deductions reduces your tax liability, allowing you to save more money. Proper ITR filing ensures that you claim all eligible deductions, helping you optimize your tax savings and reduce your overall liability.
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