It seems very difficult for many to us to give a large amount of tax and it pains a lot when your hard-earned income’s major portion is given on tax. But the fact is when many of us are aware of the tax deduction but we do not use it to fullest. Here are some ways where you can save tax simultaneously you will tend to increase your wealth too.
Investment in Securities: You can also purchase some bonds and securities though it is risk-taking still it is seen that in the long run this helps a lot and increase rather than decreasing.
Purchasing shares and Mutual Funds: You can always show your income in increasing the purchasing the shares and Mutual Funds by this you some portion of saving will increase and your tax will also be saved.
Taking a Home loan:- Now here if you are willing to construct a house or want to purchase a property you can go for taking a home loan in which you will be able to save a lot amount in tax and you will also be relieved from a urgent cash inflow burden as that will be seen by the bank.