Tips to Spend your Annual Bonus Smartly


Tax Planning

Calculate your income tax liability in advance, instead of waiting for the last minute for tax planning. You can opt for tax saving mutual funds or insurance policies to get deductions under section 80 C of Income Tax Act. Tax savings through equity-based instruments should be done in a systematic manner. Investing in mutual funds is a good option as the risks related to market fluctuations are minimal and you can diversify your investments also.