11 Tax-Saving Strategies Indian Middle Class Overlooks (Practical Steps for 2025)

11. Use Child-Related Reliefs and Tuition Deductions Carefully

Parents often juggle tuition payments, coaching fees, and long-term savings for children. Some tuition fees are eligible for deduction in specific contexts, and scholarships are generally tax-free — keep those receipts and award letters. For long-term goals, balance tax-saving instruments: use targeted NPS contributions for long-term buffers and ELSS or SIPs for medium-term goals, but remember tax rules and lock-in periods. When planning for a child’s education, document fee receipts, admission letters, and any loan papers if you borrowed for studies. Also consider government-provided scholarships, employer education assistance, and fee concessions that reduce the taxable base. Thoughtful planning here keeps education affordable and may uncover deductions parents did not expect.