How Can I Reduce My Income Tax from ₹15,200 to ₹3,200 Despite Investments?

I am in a private company in Chennai with a gross annual salary of ₹480,000 plus. For 2013-14, I had to pay a net tax of ₹15,200. I was mentally prepared to pay ₹3,200 as tax. Despite having LIC policies, PPF, and Education Loan repayment, my tax comes to ₹15,200 for the year.

Tax Reduction Query

I have a question: What do I have to save or invest to reduce the tax to ₹3,200? I mean, what should I do to avoid paying this additional ₹12,000 as tax? Your input would be greatly appreciated.

Apart from what other forum members have suggested, it is too late now to invest in anything to save the TDS which is deducted. Your employer must have filed their TDS return, and even to claim a refund, your investment would have needed to be effected on or before 31st March 2014. For the coming year, invest in any housing property if interested.

Regards.