Tax Saving Investments

• Most of us are aware about the instruments eligible for tax saving under Section 80C (with an increased exemption limit of ₹1.5 lacs) and under Sections 80CCE, 80D, 80E, 80G, 24(b), etc., of Income Tax Act, 1961 but a large proportion of us do not utilize the benefits fully.
• Just by investing in options available under Sections 80C and 80D, you would be able to save tax up to the extent of ₹63,345/-*.
• While you’re planning for your taxes, it is advisable to choose instruments that would not only save tax but would also provide the long term benefits in terms of savings or protection, in line with your financial goals.