2. Save On Educational Expenses: Under section 80C and 80E, the interest on educational loan is liable to get tax deductions. If your spouse or children are studying on the basis of the educational loan, then you can claim for the deduction on interest paid by presenting the loan account statement as a proof to the concerned authority.

3. Reduce the Burden Of Healthcare Expenditures: It is a good idea if you plan to get an health care insurance. This will not only help you at any chronicle illness, but will also make you eligible for tax cut.

You can claim on medical expenditures with you medical certificate and by providing the medical details of your illness by a certified medical professional. 

4. Contribute Or Donate Money: Today’s young generation is putting its steps forward in contributing a lot either to a charitable trust or to the political parties. Besides being a social responsible idea, it can also help you from hiding away from tax imposition. But to claim deduction on your contributions you should ensure that you have a valid proof.

These tips are not something about avoiding taxes. But will certainly help you to make a proper plan for you finance management.

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