It is never too late to get your tax plan in order. You might think that since there are just a couple of days left to the end of the financial year, you won't be able to do anything to reduce your tax outgo for this financial year. But you are wrong. Here are tax breaks you can claim on various incomes and expenditures under different sections of the Income Tax Act, 1961 that can decrease the amount of tax you pay. Here is a look at various incomes and expenses a taxpayer can claim to reduce his tax outgo.

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