Unlike the yester years, no more are there households where only one member works. In the modern society we live in today as cost of living increases then need for a dual income is necessary in a family. With two members working in a house hold (i.e. husband and wife) it makes life easier for the couple to get by as they are now supported by dual sources of income. The working couple however will have to pay taxes as two individuals on their incomes separately. Let us take a look at few avenues in the Income tax act and investments that will help a working couple save tax and derive financial benefit.