Hey. By carefully arranging the finances, you can lower your tax liability and enhance your tax savings. Investments are not always required in order to reduce taxes. You can save taxes by continuing with your regular expenses rather than investing in a particular scheme. I have shared more tips on how to save income tax without home loan below.
Tips to Save Tax Without Investment
You don't need a home loan to reduce your income tax liability in India. The Income Tax Act offers several deductions and exemptions that can significantly lower your taxable income even without investing in property. You can claim up to Rs1.5 lakh in deductions under Section 80C by investing in:
Public Provident Fund (PPF)
Employee Provident Fund (EPF)
Equity-Linked Savings Schemes (ELSS)
Life Insurance Premiums
Tax-saving Fixed Deposits (5 years)
National Savings Certificates (NSC)
These options not only reduce tax but also promote long-term savings. I hope you found this helpful.
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How To Save Tax on Salary: Tips and Tricks
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How To Save Income Tax Without Home Loan?
shivam
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8 months
2025-05-01T10:43:02+00:00 2025-06-16T22:51:15+00:00Comment
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