Invest in tax-saving instruments that are in sync with your financial goals

Buying the wrong tax-saving product, then abandoning it after a year or two because you realise it isn't suitable, will harm your financial health

With just four-and-a-half months left for the financial year to end, it is time you began making tax-saving investments -- if you haven't already. And when you invest in these instruments, make sure that they are in sync with your overall financial plan, and help you move closer to your financial goals. Random, one-off investments in products selected without due care can do a lot of harm to your financial health.

Fulfil your insurance needs first: To decide where to invest for tax saving, examine the gaps in your financial plan. First, check if you are adequately insured. The tax