Start planning your taxes now

It's the month of February and a high time for you to start planning your taxes now.  Tax planning entails selecting correct saving instruments and making appropriate investments at the right time. If you are ready to take small efforts then you can successfully condense your tax liabilities by engaging yourself in effective tax planning.

Under Section 80C, a few Investment avenues that aid in tax-planning include life insurance premium, public provident fund, employee provident fund, national savings certificate, infrastructure bonds, tax-saving fixed deposits and Unit-linked insurance policies which is ideal for creating a corpus for retirement for children’s education.

Among these the most popular and safer ones are Public Provident Fund (PPF) and National Savings Certificate (NSC) which offer modest returns.

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