Invest in select products such as equity-linked saving scheme, Public Provident Fund, National Pension Scheme and Senior Citizens Savings Scheme
With the time for submitting proof of investments barely a fortnight away, here's a look at key criteria you should employ when selecting tax-saving instruments like ELSS, term and health cover
Buying the wrong tax-saving product, then abandoning it after a year or two because you realise it isn't suitable, will harm your financial health
Choose wisely but remember that returns are not guaranteed
PPF is an old favourite investment option with resident salaried while EPF is one of the smartest investment instruments
Ensure that there is a complete documentation of your investments
Her Majesty's Revenue and Customs office (HMRC) said it expects to receive around 11 million self-assessment return forms this year.
Make sure you invest in the right instruments. Wrong choices can hurt your finances for years to come
What you should consider before choosing an ELSS