Put your kid/kids on the payroll

Many of the people save taxes by putting their kids on the payroll, that is, earning some money in their names. This is a very reliable method of saving taxes, as you do not spend money, as required in other techniques and you also do not invest it elsewhere.

"Make Them Happy."

Suppose you earn 100,000 $ per annum from one work and 10,000 $ from another. Then your total taxable income amounts to 110,000 $ minus the exemptions. But, If you put the 10,000$ work in the name of your child, then you will get exemptions on 100,000$ as well as 10,000$ plus the 10,000$ will fall in a lower slab.

Plus if you have more children, you can put up more works in their names and hence save a lot of tax. You can also use this technique if you are in a job which forbids you to work somewhere else. Then also you can work in the name of your children.

If some work is done in their name less income tax is charged to that income. This is a really nice way of saving income tax as your kid will probably fit in a much lower income role or maybe even void of paying taxes. So if you put some income down his name you might be void of paying taxes on that income or at least it would be reduced by quite a bit.