Tax Saving Tips: These are the best options to save tax, check the complete list here...

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With the end of March, the last days of the financial year are also going on. This month is very important for taxpayers. Because this month all taxpayers have to pay taxes on time. In such a situation, many taxpayers look for tax-saving options. Income tax departments provide the benefit of tax exemption to the taxpayers. If you are also looking for options to save tax (Tax Saving Tips), then this news is useful for you.


Come, today we will tell you through this news which options you can select to save tax. These 7 options will prove to be a real prison for you...

1. FD
In FD with a tenure of 5 years, you can avail tax benefit of Rs 1.5 lakh under 80C of the Income Tax Act. Let us tell you that 7 to 8 percent interest is offered in FD. The interest received on FD is taxable, however, you can avail of tax deductions on it.

2. PPF
As soon as the name of a better scheme for government employees comes to mind, the first thing that comes to mind is the Public Provident Fund (PPF). Its investors also get tax exemption. For this, the lock-in period should be over. Let us tell you that the lock-in period is 15 years. There is no tax on the interest received in PPF.

3. Equity Linked Savings Scheme (ELSS)
In Equity Linked Savings Scheme (ELSS), you can make tax redemption of up to Rs 1 lakh in 1 year. However, Capital Gains Tax is levied on it. A capital gains tax of 10 percent is applicable.

4. National Savings Certificate (NSC)
In this scheme of the government, you get 6.8 percent interest on NSC. There is no risk in the National Savings Certificate Scheme. In this scheme, you can make a tax deduction of Rs 1.5 lakh in 1 financial year.

5. Life Insurance
You may hardly know that tax exemption is also available in life insurance policy. In this, you can take tax deductions up to Rs 1.5 lakh.

6. National Pension System (NPS)
National Pension System (NPS) is a volunteer scheme. In this scheme also, you can get tax exemption of up to Rs 50,000 under 80CCD (1B) of the Income Tax Act. This scheme will be very beneficial for tax savers.

7. Employees Provident Fund (EPF)
For your information, let us tell you that tax can also be saved through the Employees Provident Fund (EPF). In this, you can avail of tax benefits of up to Rs 1.5 lakh under 80C.

8. Senior Citizen Savings Scheme
Senior Citizen Savings Scheme is the best option for income after retirement. In this, investors get the benefit of tax exemption. This benefit is available to investors above 60 years of age.


9. Sukanya Samriddhi Yojana (SSY)
Let us tell you that this scheme (SSY) has been started for the bright future of daughters. This is a tax-free scheme, that is, there is no tax on its interest. It will be beneficial for you to choose this option to invest and get better returns.

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