ITR Filing 2023: Explore Tax-Saving Options on Bajaj Markets

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Business Wire India

Unlock smart tax-saving strategies and explore a range of financial products on Bajaj Markets, a subsidiary of Bajaj Finserv. As the ITR filing deadline approaches, discover diverse avenues for last-minute tax savings across investments, loans, and insurance.
 
Elevate your financial journey with tax-saving investments that not only offer exemptions but pave the way for long-term wealth creation. Delve into options like home loans, health insurance, and life insurance, which provide tax benefits and also ensure financial security and opportunities for building assets.
 
For those yet to file their income tax returns, explore the array of tax-saving tools available on Bajaj Markets. These tools not only optimise your tax liabilities but also open doors to a robust financial future.

Loans
 

Tax-Saving Option Tax Deduction Applicable Section
Home Loan  Principal payments of up to Rs. 1.5 Lakhs; interest payments of up to Rs. 2 Lakhs Section 80C and Section 24(b)
Loan Against Property (LAP) Up to Rs. 2 Lakhs, applicable to salaried borrowers buying a new home Section 24(b)
 
 Investments
 
Tax-Saving Option Tax Deduction Applicable Section
Tax-Saving Fixed Deposit Up to Rs. 1.5 Lakhs Section 80C
Equity Linked Savings Schemes Up to Rs. 1.5 Lakhs Section 80C
National Pension System Up to Rs. 1.5 Lakhs; extra Rs. 50,000 deduction Section 80C and Section 80CCD(1B)
 
 Insurance
 
Tax-Saving Option Tax Deduction Applicable Section
Health Insurance Up to Rs. 25,000 on premiums and Rs. 50,000 for those paid by senior citizens; extra Rs. 25,000 if paying parents’ premium or Rs. 50,000 if parents are senior citizens Section 80D
Life Insurance Up to Rs. 1.5 Lakhs on premiums Section 80C
 
Efficiently managing tax savings involves thoughtful planning and a diversified strategy. Beyond tax deductions, some of these products provide add-on benefits, like enhancing one’s portfolio. By spreading investments across these tools, individuals can navigate the intricacies of tax planning.
 
Explore these financial products effortlessly on Bajaj Markets’ app or official website. The application process, whether for investment, insurance, or loans, is streamlined and hassle-free. Secure last-minute tax savings effortlessly before the 2023 ITR deadline expires.