Income Tax Exemptions for Women in India

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Whether you're a working women or business women you can boost your finances with these  tax exemptions for women in India.

1

No Gender-Specific Exemption

India's income tax slabs are the same for men and women, this means everyone pays the same tax based on their income bracket.

2

Tax Deduction

Women can claim various tax deductions to reduce their taxable income which includes  80C, 80D and 24.

3

Sukanya Samriddhi Account

This government scheme allows deposits for a girl child under 10. It offers high interest rates and tax benefit.

4

Health Insurance Deduction

Senior women can claim a higher deduction for health insurance premiums compared to men.

5

Other Investment Benefit

Women can benefit from tax-saving schemes like PPF (Public Provident Fund) and SCSS (Senior Citizen Savings Scheme).

6

State-Level Benefit

Some states offer property tax rebates or stamp duty concessions when property is registered in a woman's name.

7

Focus on Savings

The government encourages women's financial security through tax breaks on various savings schemes.