Every year we receive reminders from the tax authorities, the registered accountant or the employer that it is time to plan your taxes. In all likelihood, your reaction won't be as if someone just gifted you the latest iPhone.

Let's face it: most of us are averse to paying taxes, and at some point in our lives we've all fantasized about living in a tax-free world.

Apart from the fact that taxes are seen as a financial burden, a lack of knowledge about tax planning could further add to the tension. A majority of taxpayers are having trouble fitting the tax-saving piece into the puzzle of their finances. Maybe it's time to teach students about taxes while they're still in school, to prepare them for the inevitable as adults: taxes.

If you can relate to this, there is no need to worry. We've put together a detailed and comprehensive tax savings guide to ensure your tax planning goes smoothly.

Tax savings and the Income Tax Act
Section 80C
Section 80CCD
Section 80D
Section 80E
Section 80EE
Section 80G
VPF withdrawal
Linking the UAN number to the EPF
Benefits of UAN for employees
How can you check EPF balance online?
Conclusion

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