Every day, millions of people across the country join the marriage. Naturally, costs also increase. If I say that you can save income tax in a wedding. Yes, you heard the truth. Through these 5 methods you can save your income tax. Once again the wedding season is about to begin.
Everyone dreams that they have their own home. But when you buy a home as a couple with a combined home loan, you get income tax benefits. If your combined home loan is 50:50, under section 80C, the tax exemption from you every year on payment of the original amount of home loan increases from Rs 1.5 lakh to Rs 3 lakh.
You also get income tax benefits on health insurance. Under Section 80D of the Income Tax Act, you are exempted from income tax on premium payment of up to Rs 25,000. You get this salvation when one of the spouse is working.
Another tax benefit is available on children's education for married couples. You also get this exemption under section 80 (C). If you are both taxpayers. In such a case, this liberation increases to Rs 3 lakh.
If you and your spouse are both taxpayers. And both work. Then you can enjoy a total of 8 tours in a four -year period. Interestingly, you can save income tax on this.
When you are replacing the property. Then as a couple you can get the benefit of income tax exemption. If you personally buy another property. Then it becomes taxable. At the same time, if you buy another property in the name of your spouse and if there is already no residential property in his name. Then you can save taxes by showing them as a taxpayer.
There is an event in the marriage where two people, a couple, join in marital relationships. Also called 'marriage' according to Indian culture. At the wedding, the custom of writing songs, the rituals, the backs, the firearms, the traditional customs of the wedding are adorned with the wedding ceremony. Click here to read such other news related to the wedding.
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