Saving Income tax in 2017 - 18

Come the tax season and we run helter-skelter trying to save up whatever tax we can. We frantically make investments to minimize taxes, without adequate knowledge of the various available options. Times like these can be very tricky as it is a challenge to find the right instrument for saving tax. There is an easier way to manage this:

You can use tax saving investments effectively and achieve financial goals. They should not only help save tax but also provide attractive returns on investments.

Life insurance in India can be very useful for tax planning, because the policyholder is eligible for tax benefits under the Income Tax Act, 1961.

There are several investment options listed as eligible under Section 80C. You can claim the deduction from gross total income for the premium paid for your life insurance policy.

Kotak Life Insurance offers you a spectrum of term plans that provide triple benefits of saving tax on investment, life insurance cover and tax-free returns as well. So, choose your plans wisely from Related Plans below and achieve much more than tax saving.

Read Here for More Related Articles:

• Invest in Term Insurance and Save Tax
• New Income Tax Slabs for AY 2019-2020, you must know
• Income Tax Deduction List for 2019-20