Becoming a parent is one of the greatest joys of life and it comes with some responsibilities and expenses. Do you, however, realize that these expenses also attract some tax exemptions? Apart from the happiness that comes from the presence of children in the family and their upbringing, parents also get financial support from the government so that parents have less trouble in taking care of children's health, spending on education and meeting their needs. By understanding the tax benefits that parents get due to small children and taking maximum advantage of them, the financial burden of the family can be reduced to a great extent. With this, children can be given a better future. Your children can also play an important role in saving family tax, mostly under the old tax regime. Let us know how you can avail maximum tax exemption after becoming a parent.