Excess TDS deduction: Here are ways to lower your tax liability

Too much tax deductions at source (TDS) from your salary may demoralise you. 

However, instead of getting demoralised, you need to explore ways to reduce your tax liabilities through tax-saving investment and availing deductions of expenditures 

Here is lists some of the ways to reduce tax liabilities:

Invest in a combination to exhaust the Section 80C tax deduction and save taxes. 

Investment in the National Pension Scheme (NPS) is also eligible for Section 80C deduction within a limit of Rs 1.5 lakh.  

2. Health Insurance Premium, Expense

Premiums paid for health insurance for self, spouse, children and parents are allowed as a deduction under Section 80D. 

3. HRA Exemptions on Rent Paid

The HRA is partially or fully exempt as per the conditions specified in the Income Tax Act.  

4. Interest on Education Loan

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