Personal Finance 6 unusual ways to save income tax Updated : February 27, 2019 09:27 AM IST If you have multiple sources of income or have a high income, filing your income tax return as a HUF will benefit you. As per the income tax laws, donations to qualified charities can fetch you 50 percent to 100 percent exemption from tax on the amount donated. 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.