Tax Saving – What are the ways?

March 31st is nearing; I have to make some investments somewhere. Do you know anybody, who can help me to invest in some investments?

This is what we hear in offices and houses in the time between October and March. We all work 24*7 to make money but we don’t even think of spending few minutes a day to manage our hard-earned money, which ends up with killing our own dreams and plans made for life. We shouldn’t invest our hard earned money just for the heck of doing it.

Tax saving helps us to reduce our tax liability up to certain limit only and proper tax planning help us to save considerable amount of money every year.

Below are the lists of few investment products which help us to save our tax:

1. Employee Provident Fund
2. Public Provident Fund
3. National Savings Certificate
4. Long term Government Securities
5. Bank Deposits
6. Life insurance Products
7. Pension Products
8. Mutual Funds
9. ULIPs

Hope this post will be helpful to someone to save his tax.