Save Income Tax : buying energy efficient home appliances

Many people think they cannot get tax benefit when they buy home appliances, but this is not true. India is a huge country and it is energy starved. So to promote people to save energy Govt gives tax benefit on purchase of energy efficient home appliances. To get tax benefit on such thing you have to buy appliances that carry the government’s energy star rating Now When you require new appliances for your home, such as a hot water heater, be sure to look for appliances that carry the government’s energy star rating. Items purchased with the energy star rating are eligible for tax deductions. In addition, when you replace your old appliances with energy efficient ones, you’ll save money every month on your utility bills. So investment in this saves double money.