How do I reduce my tax burden through savings?

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Whilst taxes are an essential component of any functioning economy, they can be a significant expense. FILE PHOTO | SHUTTERSTOCK

I earn Sh350,000. How do I reduce my tax burden through savings? (Life insurance, private pension etc)

Whilst taxes are an essential component of any functioning economy, they can be a significant expense. It's therefore natural for individuals to want to minimise their tax burden as much as possible.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.