how do u save tax in India

India
December 21, 2006 6:56am CST
how do u save tax in India? is LIC is good option?
2 responses
• India
24 Jan 07
you need to consult a CA to save tax. But I suggest you to visit www.taxmann.com and look for Tax deduction part. LIC is a good option because here you can save some money and Insure you life also. Nobody know how much they will alive. unfortune can knock your door anything so secure you life get a policy from any Insurance company.
@sac_d2000 (155)
• Finland
21 Dec 06
Catch a Chartered accountant and he/she can guide u the better ways to avoid tax. For me HRA and LIC works fine but as im not in high income group this solves my purpose. Take help of proffesional and it will surely help.