The beginning of each financial year brings in the common predicament of every taxpayer to choose the ideal tax-saving investments. With multiple options available, conflicting advice, and a fast-approaching deadline, the taxpayer often makes frantic decisions on investments to reduce taxes without having sound knowledge of various options available to them. This article highlights some of the most common investment options available to a taxpayer to make that informed decision while choosing the right investment which can get them better returns as well as save on taxes.