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Tax Planning involves understanding and managing your income, investments, savings and taxes in order to avail maximum exemptions, deductions and rebates provided, as per the Income Tax law of India. The Income Tax law itself provides for various methods of tax planning and management. Generally, it is provided under exemptions u/s 10, deductions u/s 80C to 80U and rebates and reliefs. Watch the video below to know how you can save taxes and manage your finances:
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The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.