Personal Finance Looking to save taxes? You may choose from these options Updated : January 10, 2020 09:47 PM IST There are several ways by which an investor can reduce the income tax liabilities and save more. According to tax experts, investors can consider instruments that earn deductions under Section 80C and Section 80D. ELSS is a tax-saving mutual fund which comes with a statutory lock-in of three years. 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.