Paying 30% Tax? Here Is Your Substitute To Liquid Fund

Being in a higher tax slab and parking your money in bank deposits at interest around 5% or in a liquid fund that yields you around 5% which means post-tax you get in your hand only 3.5%? 

Is that all? Returns would be enough for you? I know it can’t be enough but as usual there is no other option to park money for the short term that yields you more than 5%.

But, there is a substitute that can yield you more tax-efficient returns means that it will give you the same returns of a liquid fund or bank deposits but as per current income tax rules you can decrease your tax liability which in turn will yield you more post-tax returns. How?

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