I can suggest the following:

- Don’t buy term Insurance unless you have dependents

- If your company don’t have health Insurance(5lakhs min) go for it. However try
max to stay fit.

- Open a PPF(or you can invest in VPF) and ELSS account as well for Tax Saving.
Invest in Equity and Debt instruments maintaining a ratio(watch freefincal
videos in youtube for guidance)

- Start building an Emergency fund in parallel(6 months of your expenses min)

Remember this, building capital is more important then choosing where you want
to invest. In the process of building capital you will gradually learn and take
more mature decisions to put your money in right bucket.

Must watch goal based investment videos.

I for one should think that this individual should prioritise building his net
worth by having sound financial goals rather than concern himself with tax.

I mean what benefit does he get if he targets his investment to save some income
tax and not target to increase his networth. You can exhaust the normal tax
savings vehicles and thats it I guess.

The main concern should be how to save adequately for your needs.

Focus on understanding your needs,

Set realistic targets and start investing.

Investments are for future. Tax saving is incidental.

Go through the pinned post of this group and ensure basics are covered.

Start with reading some previous/pinned posts. Read about Investing and
investment avenues.

Decide what your goals are and accordingly choose to invest in different
avenues.

If u r craze for car... Go for corporate leased.. Vehicle and save more on tax
without even homeloan

in my opinion, he should do the below steps: