Personal Finance 5 mistakes investors make while planning tax savings and how to avoid them Updated : January 23, 2020 02:20 PM IST While parking wealth into an investment scheme, depositors may often make mistakes that can have long-term impact on finances. Taxpayers generally have the sole intention of saving taxes while making any kind of investment and tend to ignore the return and the risk factors. Section 80C is a common provision for pool of investments with an overall deduction limit of up to Rs. 1.5 lakh. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.