Tax Saving Hacks: 9 legal ways to save tax, you will not have to pay even a single rupee to the government! | Income Tax Saving Tips Under Old Tax Regime Deductions Exemptions Guide

‘All-in-one’ jackpot of 80C

The most preferred way to save tax is Section 80C. Under this, you can get tax exemption on investment up to ₹ 1.5 lakh. Many options are available in it like PF, LIC, children’s school fees and ELSS. This is both your future savings and today’s tax saving weapon.

₹50,000 Free Deduction (Standard Deduction)

If you are employed, the government gives you a direct exemption of ₹ 50,000. For this you do not have to provide any receipt or proof of investment. It is deducted directly from your total annual income, immediately reducing your taxable income.