Looking for Some Tax Saving Investments?

Saving tax is utmost priority of citizens these days with increasing control of government over market. Government also promotes savings in the form on investments to help citizens save tax. Currently below are the tax saving investments option you can consider.

Under Section 80C: (Limit Rs. 1.5 lakhs per annum)

Nature of Investment	Tenure/Lock in	Return	Tax on Return
Tax Saver FD	5 or more years	7-9%	Interest is taxable
Public Provident Fund	15 years	8-9%	Tax free returns on maturity
ELSS Tax Saving Mutual Fund	3 years	Depends on fund performance	Return/capital gain is tax free
Senior Citizen Saving Scheme	–	9.2% p.a.	Taxable interest
Voluntary Provident Fund	Retirement/Resignation	8.5% p.a.	Tax free Return
National Saving Certificate	5/10 years	8.5-8.8%	Taxable Interest
New Pension Scheme	Retirement/60 years of age	4-10%	Taxable Pension
Unit Linked Investment Plans	5 years	5-11%	Taxable Returns
Tax free Bonds
Term/Life Insurance Plans	10-15 years cover	Risk Cover	Risk cover plan