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Investment is the key for growth whether it is of knowledge or money.
In the current market, you can save your income tax as there are various tax savers that are available.
However, there are some tax savings plans like NPS, ELSS mutual funds, and Ulips that are also market-based investments but due to non-fixation of the returns, multiple investors find it as one of the causes to shun them.
If an individual looks toward fixed interest returning tax-saving investments without any volatility in the stock market then major investment choices that he/she can choose from are Public Provident Fund (PPF), Post Office Time Deposit Account (POTD), National Savings Certificates (NSC), Bank 5-year tax saver, and Senior Citizens Savings Scheme (SCSC).
Under section 80C, an individual could invest up to Rs 1.5 lakh a year in the above-mentioned investment schemes:
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4 Comments
Nice
| 3rd October 2022Nice
Mitul Golakiya
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Mitul Golakiya
| 3rd October 2022Hello there
Clayton Ray
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