Indian Tax Saving Tips

Everyone seems to read about tax saving tips just before filing their returns. Now that March 31st is just three months away, here are few tax saving tips:

1. For Businessmen & Entrepreneurs, keep all business-related receipts. Keep track of what the receipts are for, and save them in a safe place.

2. Put your children on the payroll. By having them do some work for you, you’ll be able to shift some of your income that would be taxed at a higher rate to their lower tax bracket.