Best tax-saving investment schemes
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ELSS scheme is one of the best schemes to invest for tax saving purposes. Tax exemption - under 80C Investable amount- Rs 1.5 lakh/Yearly
Equity Linked Saving Schemes (ELSS)
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This scheme is for citizens who have crossed 60 years of age. Tax exemption - under 80C Investable amount- Rs 1.5 lakh/ Yearly
Senior Citizen Saving Scheme
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It is the best social security scheme with a high-interest rate. It has a lock-in period of 15 years. Tax exemption - under 80C Investable amount- Rs 1.5 lakh/ Yearly
Public Provident Fund (PPF)
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SSY is the best way to save money for your daughter's future and to save taxes as well. If your daughter is less than 10 years old, You are eligible to invest in it. Tax exemption - under 80C Investable amount- Rs 1.5 lakh/ Yearly
Sukanya Samridhi Yojna (SSY)
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Tax Saving fixed Deposits are one of the oldest ways to save tax on investments. It gives a fixed return in a certain period of time. Tax exemption - under 80C Investable amount- Not specified
Tax Saving fix Deposit (FD)
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It is a social security scheme that allows citizens to save for their old age. Employees can invest up to 10% of their salary. Tax exemption - under 80C Investable amount- Rs 1.5 lakh/ Yearly
National Pension Scheme
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It is a risk-free investment scheme. It has a maturity period of five years. Tax exemption - under 80C Investable amount- Rs 1.5 lakh/ Yearly
National Savings Certificates (NSC)