Spider man is one of the smartest, coolest and popular superheroes of all time. While you may be one of his ardent fans, you may still be unaware that he has incredible power to inspire you towards better income tax planning. Let’s take a look at some points that you can go for:

  1. Opt for a Durable Cover

Every superhero needs a durable cover which can protect them and also make them good look good. So, you being a superhero yourself, need a durable cover which can help you save tax and also covers you from various other financial problems. Talking about that, the Government of India allows people to invest in medical insurance for themselves and for the legally dependent members of the family and claim tax deductions on the insurance premium paid. You can checkout different medical insurance providers in India and choose a comprehensive medical insurance.

  1. Go for Attaining some Power

Again, just like Spider’s ultimate power is being able to cling to any situation and height, even you can grab some cool power and save taxes in India. You can carefully select investment options and park your money there to achieve superpowers which would help you overcome multiple problems.

You can enjoy some tax benefits or deductions under Section 80C on selected investments. You are also liable to receive free returns under Section 10 (10D) if you invest in ULIP.

  1. Get your Safety Net just Like the Spidy

Just like spidy web, even you need a safety net during some unpleasant phases of your life. Therefore, you can start investing in any of the retirement plans to ensure sufficient availability of funds post retirement.
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