Tax Saving: Everyone who pays tax often thinks about those tips and tricks with the help of which they can save maximum tax. Before buying any big thing, a person’s mind is focused on how to save tax on it. For example, when a person buys a car, he has to pay tax worth lakhs. We have an easy solution for this and that is taking a car on lease. Tax worth lakhs can be saved by this.

What is car leasing?
For those who do not know, let us tell them that car leasing in simple language means renting a car. For this you have to pay a fixed rent every month. The car is not in your name, it is in the name of the company from which you have taken the car on lease. But the ownership remains with you as long as you are paying the lease. This is exactly the same as when we live in a rented house.

Car leasing will save tax
There are many benefits of renting a car, one of them is tax saving, let us tell you how you can save lakhs of rupees in tax.

• The company in which you work gives you a car on lease.
• Car lease cost is adjusted into your gross salary. The structure of the package is designed accordingly.
• In cars supplied by the company, tax is calculated on the basis of tax rules such as engine size and utility rather than the actual expenditure.
• This value may be less than the cost of the purchased car.
• Petrol, diesel or gas of the leased car, driver’s expenses, all these are paid by the company itself.
• These expenses not only save you from your personal expenses but are also very economical from tax point of view.

What does the new tax regime say?
The focus of the new tax regime is on reducing the tax prices, so that minimum exemption can be given. As a result, in tax planning, emphasis is being placed on structuring compensation within the rules rather than on claim deduction.

Financial Tasks BbeforeMarch 31: Before the start of the new financial year 2026-27, it becomes important for taxpayers to complete some important financial tasks. Because there is not much time left for the end of the current financial year 2025-26.

In such a situation, by taking some important steps before March 31, 2026, people can save tax and also avoid penalty. Let us know which tasks should be completed on time, so that there is no problem in future…

Submit documents related to investment

If an employee had given information about various investments to his employer at the beginning of the year to save tax, then it is necessary to submit the proof before the end of the financial year.

Generally this work should be completed before March 31. If the employee does not submit the investment related documents on time, the company can deduct more TDS from his salary. Due to which there can be a possibility of financial loss.

It is necessary to pay advance tax on time

It is mandatory for taxpayers whose total tax liability exceeds Rs 10,000 to pay advance tax. The last date for this has been fixed as 15 March 2026.

If a person does not deposit advance tax by this stipulated time, he may have to face additional interest and penalty later. Therefore, it is considered necessary to fulfill this responsibility before the end of the financial year.

You can invest in these schemes to save tax

People opting for the old tax system can get tax relief by investing money in some special savings schemes. Under income tax rules, exemptions are available on such investments, which include schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Savings Certificate (NSC).

Investing in these schemes can reduce tax liability. At the same time, to keep the accounts active, it is also necessary to deposit a fixed minimum amount every year. All this information must be obtained before the end of the financial year.

Tax relief is also available on health insurance

Taxpayers get the benefit of exemption under Section 80D on paying the premium of health insurance policy. Under this provision, a person can get a maximum rebate of up to Rs 25,000 on the premium paid for himself and his family.

Whereas if the age of the insured person is more than 60 years, then this limit goes up to Rs 50,000. Apart from this, additional discount is also available on the health insurance premium of parents. Which provides relief in tax.

Also read: Gold Silver Price Today: Slight fall in gold and silver prices, know how much you will have to spend today to buy 24, 22 and 18 carat gold…

Have you inherited a home or are planning to sell it? In such tax planning It is very important to understand, because with the right strategy Capital Gains Tax Big savings can be made. First of all know that There is no inheritance tax on inherited property.—Income Tax Act Section 56 It’s completely under tax free Is. But when you sell the house, the profits Capital Gains Tax Have to give. it Long Term Or Short Term will happen, which Previous Owner’s Purchase Date Is decided from. if property older than 24 months yes, then Long Term Capital Gain It will take. to save tax Section 54 Can buy a new house in or Section 54EC under NHAI/REC Bonds Can invest in. Tax can also be reduced by adding maintenance and improvement expenses.