Plan Now, Save Later
Tax planning for FY 2024-25 (assessment year 2025-26) isn’t a March scramble – it’s a year-long strategy to cut your tax legally. Smart moves in 80C, 80D, or NPS can save lakhs, but waiting limits your options. Whether you’re salaried, a freelancer, or a business owner, these tips will shrink your 2025 tax bill. Credfill’s experts have saved clients thousands in Patna and beyond. Here’s how to plan ahead and file right by July 31, 2025.
Tip 1: Max Out Section 80C
Invest ₹1.5 lakh in PPF, ELSS, or LIC under 80C – save ₹45,000 at the 30% slab. A Patna teacher we helped spread ₹1 lakh across ELSS, cutting her tax by ₹30,000. Start early to avoid rushed picks. Credfill finds the best 80C options for you.
Tip 2: Use 80D for Health Insurance
Premiums up to ₹25,000 (₹50,000 for seniors) under 80D reduce your tax. A Nagpur family saved ₹15,000 with a ₹50,000 policy. Credfill ensures you claim every rupee.
Tip 3: Boost Savings with NPS
Section 80CCD(1B) gives an extra ₹50,000 deduction for NPS – ₹15,000 saved at 30%. A Bihar freelancer we guided saved ₹20,000 combining 80C and NPS. Credfill optimizes your NPS contributions.
Tip 4: Claim Rent or Home Loan Benefits
HRA or Section 24 (home loan interest up to ₹2 lakh) cuts tax. A Patna client saved ₹60,000 with loan interest. Credfill verifies your proofs for max benefits.
Tip 5: File Early for Accuracy
Early filing (April-May) avoids errors and speeds refunds. A client missed ₹25,000 in 80C by rushing in July. Credfill files in 2-3 days, ensuring precision.
Why Credfill?
Tax planning saves money, but only if done right. Credfill crafts a year-long strategy, files your ITR, and maximizes deductions. Start 2025 smart – upload your docs, and we’ll slash your tax with Credfill’s expertise.
Need help filing your ITR and claiming your refund for FY 2024–25? Chat with us now on WhatsApp and get started instantly! Alternatively you can book our ITR filing services by visiting our website.
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