Tax saving plan: Insufficient investable surplus

In the third part of the story, we discussed the best tax-saving options available for you as per your needs. Now let's continue further and see what you can do if you do not have enough investable surplus. Don't have enough investable surplus? Although Section 80C extends the tax benefit to certain expenses also, you should prioritise investments to fully utilise the limit. It achieves a much bigger objective than merely saving tax. These investments inculcate the habit of saving, which can make a big difference in the life of the average taxpayer. ELSS is often the first equity investmen

This article was originally published on March 15, 2022.