Tax planning is very important part of financial planning. No one wants to spend his/her net income on paying taxes. Few options available in the market are listed below.
- Life Insurance
- Term Plans
- Endowment Plans
- ULIPs
- Money Back Plans
- Pension Plans
- Health Insurance / Mediclaims
- New Pension Scheme (NPS)
- Tax Saving Mutual Funds (ELSS)