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It’s April, folks! Start tax saving right away

DNMUM435000 | 4/16/2019 | Author : Kumar Shankar Roy | WC :930

To get full benefit of tax saving, make all investments in next 10 months and complete the process by January to avoid unpleasant shocks
personal finance

Last year you did some last-minute heavy lifting to get tax deductions. Many begged, and some even borrowed money to do tax-saving investments just before March 31. But 2019-20 financial year that began from April is a fresh start. Your target of being eligible for up to Rs 1.5 lakh deduction by using Section 80C means you need to save and invest that same amount of money. It may look a lot of money, but if you divide it into 12 months, its all about Rs 12,500.
Despite knowing the benefits of being an early-bird, taxpayers do not save all throughout the year. Everything is left for the last minute, and this is where decisions are taken that are not good, say financial planners and experts. This financial year start tax-saving from
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