Making India Tax Wise

13 tax-saving ideas to reduce your tax burden

We don’t like parting with our hard-earned money. And especially if you have to pay taxes. If not planned well, taxes can leave a dent in your savings.

The good news is anyone can make well-informed tax-saving decisions. Consult a tax advisor, read up and stay updated about the many available options. You can make use of online calculators to know your income tax liability. Then take stock of your financial liabilities, needs and goals, and look for the best tax-saving schemes that will give you bigger returns. There are several tax-saving options where you can invest your money and gain tax exemption under Section 80.

Let us find out how to save your tax and reduce it to zero with the help of these 13 effective tax-saving ideas.

save tax with insurance policies

Copyright © 2016. Future Generali India Life Insurance Company Ltd. All Rights Reserved.

Tax benefits are as per Income Tax Act, 1961, and are subject to modifications made thereto from time to time. Insurance is the subject matter of the solicitation.

IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

Future Generali India Life Insurance Co. Ltd, Indiabulls Finance Centre, 6th Floor, Tower 3, Senapati Bapat Marg, Elphinstone West Mumbai, Maharashtra 400013 India IRDAI Registration No: 133. Validity of certificate of registration: Upto 31st March 2018. CIN:U66010MH2006PLC165288