7 Tax Free Incomes Which Can Make You Rich
6. Revive Your Forgotten Ulip
Ulips are like one of those expensive things which people buy out of eagerness but then forget about it. Most of you might have Ulips in your portfolios but might have stopped paying premium. But many of you do not know that you can use your Ulip to earn tax free income. If you have pending premiums then pay those at one go if the policy is not lapsed. But you need to watch out for the premium amount, if your premium amount is too high then no point in activating the Ulip again as you will not be getting returns to balance it in both ways.
7. Form an HUF with inherited wealth
Though many tax payers are demanding to raise the 
2 lakh basic exemption limit but most of them are clueless about the fact that they can double their exemption and savings limit simply by establishing a Hindu Undivided Family (HUF). The Hindu Undivided Family is treated as separate entity and is entitled to similar exemptions like any other individual tax payer.
