As the Assessment Year (AY) 2024-2025 approaches, taxpayers can reduce their taxable income by maximizing deductions under Section 80C of the Income Tax Act. This guide covers various eligible investments and expenditures, including life insurance premiums, PPF, EPF, NSC, ELSS, home loan principal repayment, SSY, SCSS, tax-saving FDs, tuition fees, and infrastructure bonds. It also provides tips and strategies for effective tax planning to help you optimize your tax savings.

This comprehensive guide covers the tax benefits of investing in Sukanya Samriddhi Yojana, a government-backed savings scheme for girl children. The guide provides an overview of the scheme's eligibility, tax benefits, and additional advantages, making it an essential resource for anyone considering this investment option.