7 ideas I learned from conducting tax workshops in the last 2 months

Tax Savings does not mean investments or Insurance alone, I discovered?some of my regular expenses fall under the tax savings bucket. ??

And I realized I was practically giving away about 2-3 months of my salary to the IT department as taxes, because I was too lazy to ask for help! ??

1. I can claim the money I pay to my kid's playschool. ?? I never imagined that would be treated as Tuition Fees! Now 1L of my income is tax free under 80C!
2. Tax Harvesting! ?? Sounds weird? :) I learned that I could bring down the capital gains tax by selling my loss making investments, and then buy them back again soon. I made 1L of my profit from investments tax free under 112A. Learn more here ??
3. LTA ?? was always confusing. And all my HRs early on had confused me beyond repair. But now I know exactly how to make over 35K of my income tax free.
4. I can claim home loan ?? and HRA (rent) benefits at the same time and made 2L tax free.
5. My annual health check up ?? is also now getting me tax benefits! Made ?5,000 tax free!
6. I could club my phone bill and my OTT ?? (Netflix, Prime) bills into one bill, to make it fully tax free.
7. There is more taxes I can save with old tax regime compared to the new. Just an hour of hunting documents, paid receipts helped me save over 1.5L ?????? in taxes, more this year. And I learned I can switch back from New Tax Regime to the old during tax filing.

With just 2 more weeks left, do not wait for a sign from God to start your tax plan.

If you need some guidance, block some time with our tax experts from Runrate Wealth Network for a free 30 mins consultation. Link in the comments.