All of us wish to save on taxes as it will help save money. Savings on taxes is one method which yields good results in having an efficient financial plan. Several categories and areas help save tax and once such area is Insurance.You can save on tax by purchasing any of the Life Insurance plans be it Term Insurance, Whole Life, and ULIP (Unit Linked Insurance Plans), to name a few. You can use the premiums paid by you for availing tax deduction on any of these policies, therefore, boosting your tax saving options.
Use our income tax calculator to calculate your income tax liability as well as your income tax refund:
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