How to Save Tax for Salary Above ₹20 Lakh for FY 2025-26

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 For individuals with a salary above ₹20 lakh, effective save tax for salary above ₹20 lakh is essential to reduce the taxable income and maximize savings. The Income Tax Act provides several exemptions and deductions that high-income earners can leverage to minimize their tax liabilities. A save tax for salary above ₹20 lakh strategy should include utilizing tax-saving instruments like PPF, NPS, and ELSS.

One of the most effective ways to reduce taxes is by investing in these instruments, which provide deductions under Section 80C and 80CCD. Additionally, health insurance premiums under Section 80D and donations under Section 80G can further reduce taxable income. By planning your investments efficiently, you can lower your tax liability and ensure that your wealth grows without unnecessary tax burdens.

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