
Of the total refunds, income tax refunds of Rs 79,483 crore have been issued in 2,21,92,812 cases
When we rush to save tax in March, we tend to buy products which don't give great returns; some of the investments we make may not be ideal

Contrary to the common belief, it is absolutely fine to pay tax and not run behind making random investments in order to save a little here and there

If you have given the house on rent, you can offset the rental income with the interest on borrowed capital

Of this, personal income tax refunds of Rs 73,607 crore have been issued to over 2.06 crore taxpayers

Tax deductions available against contributions made towards National Pension Scheme (NPS) or the Atal Pension Yojana (APY) fall under Section 80CCD

Effectively, individuals can maximise tax benefit under section 80D to a total of Rs 75,000

You can claim tax deduction on investments up to Rs 1.5 lakh in avenues specified under section 80C of the Income Tax Act

Of this, personal income tax refunds of Rs 71,865 crore have been issued to over 1.99 crore taxpayers

All private and public sector banks offer this facility