5. Tax Saver Fixed Deposits: Fixed deposits have always been a basic avenue of investment. It allows tax deduction. It is the easiest kind of investments offered by the banks.

It offers you a helping arm at a specified period of time that is fixed by you. FD’s or Fixed deposits provided by the banks are considered to be the safest investment options. It offers a high rate of interests than a regular savings account.

6. Life and Health Insurance: Investing in insurance is the best option that you can go for to hide from tax. It also helps you to maintain smile in your family’s face forever even after a great tragic loss. You can invest in life and health insurance for a great future of your family.

 With investing in insurances you can have access to your money at any related uncertain situations. In order to claim insurance you need to provide a valid proof in front of a concerned authority.

Read More: 5 Valuable Financial Planning Lessons from 'Master Blaster'

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