Avoiding paying tds

Can anyone tell me what are the schemes one can make use of to avoid TDS. I am not in favour of FDS or splitting of FDs.

One thing i saw was some banks are giving shares and paying FD interest thus avoid TDS for over 1 year deposit.

Now, i wanted to check if there are any such things to avoid tds. I also read that investing in debt funds can help in reducing tds.

Can anyone tell us what are the other investing avenues to avoid paying taxes through better tax planning.