Deductions for tax-saving investments can only be claimed under the old tax regime. (Unsplash/Representative Image) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Every year, many salaried employees end up rushing to meet HR deadlines for submitting tax-saving investment proofs, often missing key documents in the process. Since most companies start collecting the tax-saving investment proofs by late December or early January, November could be the most suitable time to keep your documents ready.

Preparing your tax-saving documents organised in advance to claim deductions under various sections of the Income Tax Act, 1961, including Section 80C and 80D, helps you avoid last-minute chaos. It also helps in a smooth HR submission, ensuring relevant tax deductions.

So, how c

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