Use systematic investment plan (SIP) for early tax planning, said Sharad Singh, Chief Executive Officer, Invezta.

"It's always a good way to start early for tax planning. So, do Systematic Investment Plan (SIP) of Rs 5,000 every month for 12 months, so that one also make up for the market fluctuations," said Singh to CNBC-TV18's Sumaira Abidi.

"If you do SIP for three years, at the end of third year Rs 60,000 will be free. So you can sell them or reinvest them, so that after three years, your money starts rolling in and you don’t need to put fresh money for tax saving," said Singh.