How an individual taxpayer can lower tax bill under their present Income tax act?

How an individual taxpayer can lower tax bill under their present Income tax act?

Taxes are says to be as inevitable in life as death and it is our social responsibility to pay them. Taxes are burdensome for all taxpayers. Saving money in taxes is high priority in Financial planning exercise. There are legally permissible ways to less taxes and retain more of your hard-earned money in your savings kitty. There are various tax deductions available under the present Income tax act and you should take advantage of them.