Tax planning is not just about saving taxes but also about you use the money so saved. You need to achieve two purposes with tax planning. Apart from reducing your taxes also need to plan how you will productively utilize the money so saved. For example, if you are going to save Rs.12,000 per year by taking Health Insurance, then what are you going to do with the Rs.12,000 saved. That is like an income and needs to be accounted for.