FILING INCOME TAX RETURNS? 4 LESSER KNOWN WAYS TO SAVE TAX.
Intuit Quickbooks support TOLL-FREE # 1800-875-9516 FILING INCOME TAX RETURNS? 4 LESSER KNOWN WAYS TO SAVE TAX. This financial year is nearing its end and if you haven’t been planning your taxes all through the year, you must be busy looking for last-minute options to save your hard-earned money this time around. If you have already explored the more popular investment options such as PPF and life insurance, let’s look at some of the lesser-known investment options that can help you reduce your tax burden. 1) Re-invest old tax -saving investments Once your old tax saving investments have crossed the lock-in period, withdraw the money and reinvest in tax-effective investment instruments to earn tax benefits without having to shell out more money. While schemes such as PPF allow partial withdrawals upon finishing seven years from the time of investment, tax-saving ELSS come with a three-year lock-in period which can be withdrawn entirely or partially 2) Save tax with