As F.Y. is going to end in 3 month, there is just short time left for tax planning & tax saving investment decisions. We have various options & instruments under the Income Tax Act, 1961, whereby one can reduce their taxable income & thereby save on the tax outflow. Below is the list of various tax saving instrument for individuals:- 1. Section 80C You can claim a deduction of Rs 1.5 Lakh. In simple word you can reduce your taxable income to 1.5 lakh. It is available for individuals & HUF. 2. Section 80CCC - Insurance Premium It provides a deduction to an individual for any amount paid or deposited in any annuity plan of LIC or any other insurer. The maximum deduction that can be claimed under this section is Rs 1.5 Lakhs. Click here 👈for more info. 3. Section 80CCD - Pension Contribution It relates to deductions available to individuals against contributions made to the National Pension Scheme (NPS) or the Atal Pension Yojana. Contributions made by t...