BANGALORE: With large number of investing options made available in the country, Investments are growing popular as people are becoming clearer on its benefits especially when it comes to saving taxes. Taxes are the most dreaded thing in the financial world for any salaried individual. Try to do the tax- saving planning in advance to keep various options open rather than paying heavy taxes. One of the popular tax-saving options is investments. Listed below are some of the investments that will help you invest smartly and save those extra taxes.

Employees Provident Fund: The EPF is a great tool when it comes to saving taxes.

The 12 percent from your monthly salary is deducted towards your Pf account; you can increase the percentage of the contribution if you wish to save more in your account and on your taxes. However, it is not mandatory for your employer to contribute beyond the mandated 12 percent, but you cannot stop your VPF contributions in the middle of the year. One of its drawbacks is limited liquidity; you cannot withdraw cash until you retire.

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