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Money Matters: Smart tax-saving tips you should know There are several options that can help you safeguard your income and save taxes legally so that you can make your money work for you When you start earning enough to pay taxes, the first thought that comes to your mind is how to reduce your tax burden to the minimum. If you are a first-time taxpayer, taxes can overburden you and leave you at a loss for planning monthly expenditure. Here’s a list of some tax-saving options but remember that these are applicable if you pay taxes under the old regime only. Many of the benefits will not be available if you have opted to pay taxes under the new regime.

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