How your Parents, Spouse and Children can help you save Tax?

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How your Family can help you save Tax?

Learn more about how your Parents, Spouse and Children can help you save Income Tax?

How your Parents can help you save Taxes

Investing money in your Parents’ names

Claim HRA by paying rent to Parents

Tax Deductions on Health Insurance Premiums

How your Spouse can help you save Taxes

Double Tax Savings on Joint Home Loans

Tax saving on Financing your Spouse’s Education with a Loan

Gifting your Spouse money to reduce Income Tax Liabilities

How your Children can help you save Taxes

Opening a Bank account for your Children

Saving Taxes on Education Loan Interest Payment

Dependent Child with Serious Disease or Disability

Investing in the names of Independent Children

Acquire Health Insurance for Children

Tax saving from Tuition Fee, Hostel Expenses and Education Allowances

Saving Taxes by Investing in Mutual Funds, PPF and ULIPs in your Child’s Name

FAQs about Tax Saving Options other than 80C

✓ What documents are necessary to claim HRA benefits when paying parents rent of more than Rs.1 lakh annually?

✓ What is the tax-free slab rate for your parents if both are aged over 80 years?

✓ What are the maximum tax savings applicable to a child’s education allowance and hostel fees per year?

✓ What is the maximum tax-saving potential for a joint home loan?

More article about Income Tax in India

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