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)