Now a day everybody wants to pay less tax for the income they are earning. There are lots of ways to save tax and thus save lot of money.
Reserve Bank of India has various tax saving schemes. If you invest in the following you can save up to 1, 00,000 all put together.
- Provident Fund (PF) contribution
- National Savings Certificates (NSC)
- Employee Provident Fund (EPF)
- Bank Fixed Deposits
- Mutual Fund
- Repayment of home loan principal
- Life Insurance
- New Pension Scheme (NPS)