{"id":269695,"date":"2023-12-08T17:00:23","date_gmt":"2023-12-08T17:00:23","guid":{"rendered":"https:\/\/hamslivenews.com\/?p=269695"},"modified":"2023-12-09T08:34:39","modified_gmt":"2023-12-09T08:34:39","slug":"explore-last-minute-tax-saving-options-on-bajaj-markets","status":"publish","type":"post","link":"https:\/\/www.hamslive.com\/news\/2023\/12\/explore-last-minute-tax-saving-options-on-bajaj-markets\/","title":{"rendered":"Explore Last Minute Tax-Saving Options on Bajaj Markets"},"content":{"rendered":"

Business Wire India<\/b><\/p>\n

Bajaj Markets<\/a>, an online marketplace and a subsidiary of Bajaj Finserv, offers a host of tax-saving tools across categories like investments, loans, and insurance. As the ITR filing deadline approaches, individuals seeking last-minute options to save on taxes can explore these diverse avenues to lower their liabilities.<\/p>\n

Choosing tax-saving investments not only helps taxpayers benefit from exemptions but also contributes to long-term wealth creation. Additionally, options like home loans, health insurance, and life insurance provide tax benefits alongside financial security and asset-building opportunities.<\/p>\n

Those who haven\u2019t filed their income tax returns yet, can consider the following tax-saving tools available on Bajaj Markets:<\/p>\n

Investments <\/strong>\n<\/div>\n\n\n\n\n\n\n\n
Tax-Saving Tool<\/strong><\/td>\nTax Exemption <\/strong><\/td>\nApplicable Section<\/strong><\/td>\n<\/tr>\n
Equity Linked Savings Schemes (ELSS)<\/td>\nUp to Rs. 1.5 Lakhs<\/td>\nSection 80C<\/td>\n<\/tr>\n
Tax-Saving Fixed Deposit (Offered by banks)<\/td>\nUp to Rs. 1.5 Lakhs<\/td>\nSection 80C<\/td>\n<\/tr>\n
Interest on Fixed Deposit (FD)<\/td>\nUp to Rs. 50,000 for senior citizens<\/td>\nSection 80TTB<\/td>\n<\/tr>\n
National Pension System (NPS)<\/td>\nUp to Rs. 1.5 Lakhs; additional deduction of Rs. 50,000<\/td>\nSection 80C and Section 80CCD(1B)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\nLoans <\/strong>\n<\/div>\n\n\n\n\n\n
Tax-Saving Tool<\/strong><\/td>\nTax Exemption <\/strong><\/td>\nApplicable Section<\/strong><\/td>\n<\/tr>\n
Home Loan<\/td>\nUp to Rs. 1.5 Lakhs on principal payment; Up to Rs. 2 Lakhs on interest payment<\/td>\nSection 80C and Section 24(b)<\/td>\n<\/tr>\n
Loan Against Property (LAP)<\/td>\nUp to Rs. 2 Lakhs if availed by salaried borrower for new home purchase<\/td>\nSection 24(b)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\nInsurance <\/strong>\n<\/div>\n\n\n\n\n\n
Tax-Saving Tool<\/strong><\/td>\nTax Exemption <\/strong><\/td>\nApplicable Section<\/strong><\/td>\n<\/tr>\n
Life Insurance<\/td>\nUp to Rs. 1.5 Lakhs on premiums paid<\/td>\nSection 80C<\/td>\n<\/tr>\n
Health Insurance<\/td>\nUp to Rs. 25,000 on premiums paid (Rs. 50,000 for senior citizens); an extra Rs. 25,000 if paying for parents\u2019 premiums (Rs. 50,000 if parents are senior citizens)<\/td>\nSection 80D<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\nRemember, optimising tax savings requires strategic planning and a diversified approach. Aside from tax deductions, some of these products offer various benefits and features that could help broaden one\u2019s portfolio. Diversifying investments across these tools enables individuals to navigate the complexities of tax planning effectively.<\/p>\n

Individuals can easily browse these financial products on the Bajaj Markets\u2019 app<\/a> or official website. The application process, be it for investment, insurance, or loans, is simple and hassle-free. Effortlessly secure last-minute tax savings before the 2023 ITR deadline expires.\"\"<\/div>\n

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