Investment options for salaried employees

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Salaried employees, particularly software engineers, can explore various investment avenues for FY 2022-23 and FY 2023-24, focusing on tax savings. Key options include investments and expenses eligible under Section 80C up to Rs. 1.5 lakh, health insurance premiums (80D), and education loan interest (80E). Additionally, consider home loan interest (24b, 80EEA), life insurance payouts (10(10D)), donations (80G), and savings account interest (80TTA).

subbu appala

subbu appala (Querist)
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09 February 2023 Hi sir
I want know investment options for salaried class employees especially software engineers for FY 2022-23, FY 23-24.
Thank you sir

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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09 February 2023 Do you wish to invest for tax savings, or in general?

subbu appala

subbu appala (Querist)
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10 February 2023 Tax savings purpose sir

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 February 2023 Eligible investments and expenses that come within the Rs. 1.5 lakh limit under section 80C.
Section 80D Premiums paid for health insurance
Section 80E Interest payments on education loans
Section 24(b) Interest payments on home loans
Section 80 EEA Interest payments on home loans for first-time home buyers
Section 10(10D) Payouts from life insurance plans
Section 80G Specified donations.
Section 80U Tax waivers for disabled persons
Section 80TTA Deductions for interest from savings account

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