Bangalore: When it comes to salaried individuals, financial planning savings starts and ends with tax saving investments. Saving tax is always good but there are lots of other ways through which a salaried individual can enjoy an absolutely successful and stress free financial life. Check out four vital things that a salaried person should keep in mind to make the most of your tax breaks.

Save as Much Tax as Possible

There are several choices available that will help you out to save tax and also nurture your wealth, let's glance over what the main ones are:

Section 80C

Every individual is acquainted with Section 80C. It includes your EPF, PPF, tax saving mutual funds, premiums paid for life insurance, ULIP premiums, repayment of home loan principal, 5 year Bank FDs and more.

Beyond Section 80C

This includes Section 80D (health insurance premium), 80CCF (infrastructure bonds), 80E (E is for education), HRA (House Rent Allowance - living on rent? it can help you save tax), LTA (Leave Travel Allowance : went for a holiday this year? this can save you tax too), Medical Reimbursement (up to 15, 000 per year is reimbursed so have your medical bills ready as proof), and more. Tax saving can go a long way to helping you construct wealth. Even 25, 000 saved in taxes each year for 20 years will grow to 25.61 lakh.