Bangalore: Paying Tax every year falls as an extra burden on employees. If you don’t know tax policies and your tax code, you may end up paying more than what you are supposed to pay. There are many tax- free and tax- deductable allowances and reliefs, which will help you to reduce your tax bill. In some cases you need not even pay your tax. Here are some tips that will help you to pay less tax-

Invest in public pension schemes

If you pay into a pension scheme, you are eligible for tax reliefs. At the time of retirement you can get 25 percent of your savings as a tax free lump sum, but you will have to pay tax for your pension amount.  There are many schemes available and the final salary scheme offered by some employers is a good option. It bases the pension on the number of years you have worked and the salary at the time of your retirement.