There are many legal ways in which you can save taxes and invest in your future. Of course, this also means you make your money work for you.
Saving your tax is a term that usually gets anyone interested. While it is not rocket science, financial jargon and varied instruments can be confusing. We list six different ways in which you can save tax and it is ideal that you plan now, so you can make a difference to your taxable income next year.
- Equity Linked Saving Schemes
- Life Insurance & ULIP
- PPF & PF
- Health Insurance or Mediclaim
- Tax-saving fixed deposits
Read the full story that first appeared in 30Stades.com here: