New Delhi, March 22 -- The deadline for tax-saving investments for the fiscal year 2023-24 is March 31, 2024. With limited time to explore tax-saving options, it's essential to consider straightforward measures that can aid in tax savings while facilitating the accumulation of necessary wealth.Also Read: ITR filing 2024: Here's how to maximise income tax savings from Employees' Provident Fund (EPF) account

Several critical factors to contemplate when selecting a tax-saving investment comprise:

Lock-in duration: This denotes the minimum period you're required to retain the investment before being able to withdraw funds. Certain tax-saving choices, such as the Public Provident Fund (PPF), entail lengthy lock-in periods, whereas others lik...