
Need some Tax Saving tricks
Hi Guys,
I wonder how people save maximum tax. I don't see any options for me to do the same. Can anybody give me some tips or tricks to save some Tax? My goal is to save maximum, and the Saving should be ready to use in a need(in case if you advice me to invest somewhere).
My default contribution goes to EPF. I've invested in NPS, ELSS, SIPs. Have bought my first flat(Loan is about get nill) and now I've bought another House. I've a car but it comes under luxury hence isn't covered, right?
One more thing, I come under 30% slab and still want to save the the tax because I don't see my tax money is being used appropriately by the administration. The administration has zero futuristic vision and is regularly creating and destroying the infrastructure which seems to be creation of redundant work(INTENTIONALLY). Around me I see every aspect related to administration is corrupt, or someway or the around isn't okay with ethical operations.
Thanks in advance. Your help is much appreciated.
Apologies to point out administration, but that is what it is. I'm not biased nor pointing out any political party here. Just the concern is to use my Tax money wisely which I don't see happening. My description took a twisting turn, sorry for that :)