Let Tax Not Vex You Ways And Means To Save Your Taxes

Your tax planning starts with the beginning of the new fiscal year. Unlike those who leave it to the last moment, you should start saving and investing now, so that there’s no last-minute pressure on your finances to optimise your tax savings.

You have a plenty of choices to make: which income tax regime to choose, how much to save, where to invest, and so on. Let’s check out a ready-reckoner to plan your taxes for the new fiscal. Of course, you would need to make some adjustments based on your specific requirements. For example, your insurance premium may vary depending on your age and number of family members to be covered, along with some other factors. You also need to adjust your investments in other instruments accordingly. The tax-saving and investment principles, however, remain the same and it would help you kick off your tax-planning journey with a considerable head-start.