From education loan to paying rent to parents, 4 ways your family can help you save taxes
New Delhi | Jagran Business Desk: As a responsible citizen of the country, we must pay full taxes and on time. However, most of us are unaware of dual benefits from tax savings and are often dependent on deductions provided under Section 80C through investments like Employee Provident Fund (EPF). All such taxpayers must know that there are several ways like investing or gifting your family by which they can save taxes through certain deductions. So as the financial year 2020-2021 comes to an end, here are four ways through which you can save taxes with the help of your family:
Make an investment on behalf of your family:
Business experts suggest that investing on behalf of the family can help people save taxes.