If you have already made enough tax-saving investments or have exhausted your Section 80C limit, you can opt to claim deductions on tax-saving investments that you are going to make (during this extended period to make tax-saving investments for FY20) in FY21

The new income tax regime, announced in Budget, provide an option to individuals and Hindu Undivided Families (HUFs) to be taxed at lower rates if they do not avail specified exemptions and deductions

Coronavirus update: If the domestic lockdown is extended then the economic result can be worse than estimated, the World Bank says

Coronavirus update: LIC will accept policy premiums through net banking, debit card, credit card as well as through payment options such as Paytm, PhonePe, Google Pay, BHIM and UPI among others

Coronavirus update: Subscribers of PPF and SSA who could not deposit their savings due to the lockdown can now do so till June 30. The ministry said that the account holders are eligible to make a single deposit in the accounts opened in their own names or in the name of minors

Due to the country-wide lockdown, the government has extended compliance related deadlines, which include the deadline for tax saving investment

While everyone knows the importance of planning, many dodge taking such decision until the end of the fiscal, only to hurriedly invest money here and there to meet the March 31 deadline.

The central government on Monday extended the deadline for linking of biometric identification Aadhaar to small savings schemes like post office deposits and Kisan Vikas Patra by three months to March 31

Axis Bank is in trouble after coming under the SEBI scanner for leakage of price sensitive information (PSI).

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ICICI Bank is the first lender in the country to introduce a fully digital and paperless procedure for opening a PPF account. The online facility will be available 24x7 and on all days.

Centre had earlier set December 31 as the last date to link Aadhaar, except the Aadhaar-Mobile SIM linking, which is February 6 next year.

Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to link existing policies and new policies with Aadhaar.

After bank, mobile, Aadhaar is now mandatory for post office schemes, PPF, NSC, KVP.

The government has already made it compulsory to link the Aadhaar with various services like, bank, mobile and welfare scheme. The recent move by the government is in continuation with its push for Aadhaar.

After bank deposits, mobile and various welfare schemes, the 12-digit Aadhaar has been made mandatory for all post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra.

The 12-digit Aadhaar is  being aggressively pushed by government for availing a host of financial services like bank account and mutual funds.

If you are resorting to roundabout ways to save tax, be careful not to rub the law the wrong way. The government has upped the ante against transactions intended at avoiding tax.

Investment tips - Even at the end of the financial year, choosing the appropriate tax-saving instruments can ease your burden.

Here is a list of some of the investments and expenditures that qualify for exemptions/ deductions under various sections of the Income-tax Act.