It wouldn't be a New Year without resolutions. Whether it’s a prudent tax planning or firming your portfolio, the key isn't making a list, it’s sticking with it. Here are some useful tips that one must follow to make new year tax friendly.Plan your tax savings in timeLeaving tax planning for March may not be a wise idea. It will expose you to a decision taken in haste. Your tax-saving investments must depend on your financial needs and goals, and distributed among asset classes to reap the dual advantage of lowering tax burden and building your portfolio.Section 80C: The maximum limit on tax deduction under Section 80C was raised from R1 lakh to R1.5 lakh. Contrary to the popular