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Spending is easy.
Investing isn't . Not many realize the numerous benefits that are there to be had if one were to regularly set aside a certain portion of one's income for the future. Apart from providing a cushion of financial security and of course the magic of the power of compounding, investments, if structured and planned properly, could lead to substantial benefits on the taxation front as well. By making the right investments, an individual can reduce his tax liability by as much as Rs 16000. The aforesaid reduction in tax comes in the form of a tax rebate.