Exhausted Section 80C limit — Here are 10 other tax saving investment options for you

The last date to save tax for the financial year 2022-23 is March 31, 2023. With a little more than two months from completing your tax planning exercise, you should get going if you haven’t yet started the tax saving process. There are several deductions available under various sections that help in lowering taxable income. Most of us try to make maximum use of the Section 80C limit by investing in popular schemes such as PPF, ELSS, and NSCs.  However, as the upper limit is Rs 1.5 lakh per FY, most taxpayers exhaust this limit and yet need to bring taxes lower.

For tax savings, you can put your money into health insurance and avail of income tax exemption under Section 80. However, it's important to know that you can also save taxes by buying health insurance for children, parents or spouse.