By investing in the products of Dhanlaxmi Bank, you can save a significant amount of tax while filing your
The Income Tax Department provides a number of tax saving measures to individuals, each categorised under different Sections of the Income Tax Act. Some of the popular modes to save tax are by investing a portion of the income in products offered by banks. Each provision under the Act provides scope for tax exemption and deduction, which, if used properly can help people save considerable amounts in tax.
Dhanlaxmi Bank offers a host of products designed to save you some taxes, with these products adhering to the provisions of the Income Tax Act. Saving taxes can be a tedious and complicated process, but investing in Dhanlaxmi Bank could offer multiple benefits without any additional burden.
Utilising Section 80C of the Income Tax Act, one can avail tax exemptions of Rs 1.5 lakh in a year, with the Act offering a host of investment options to utilise this benefit. Some of the popular products offered by Dhanlaxmi Bank which can be used to avail exemptions under Section 80C are mentioned below.
Opening a Savings Accounts with Dhanlaxmi Bank could help you save tax by utilising provisions under Section 80TTA of the Income Tax Act. As per this section, one can claim tax deductions on interest from savings accounts to the tune of Rs 10,000 every financial year.
The following Savings Accounts are offered by Dhanlaxmi Bank:
Apart from the aforementioned savings accounts, Dhanlaxmi Bank offers a Dhanam Basic Savings Bank Deposit Account - Small, a Regular Savings Account and a Dhanam Privilege savings Account.
Saving tax isn't very complicated, if one follows a few simple pointers. Banking with Dhanlaxmi Bank can help us save considerable taxes, and one can get started by either approaching their nearest Dhanlaxmi Bank branch or logging on to their official website.
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