Tax Saving Tips: These 5 schemes provide good returns along with tax savings, invest immediately

Tax Saving Tips: There are some great investment plans which give tax exemption as well as great returns. If you want safe and profitable investment, then this information may be important for you.

Tax Saving Tips: The financial year 2024-25 is now on the verge of ending. In such a situation, taxpayers are looking for ways to invest that will give good returns in the new financial year as well as help in saving tax. Here we are telling about five best investment plans. These will give you great returns, as well as help in saving tax.

Public Provident Fund (PPF)

PPF is a safe and long-term government savings scheme. It is especially suitable for those who do not want to take risk. It has a lock-in period of 15 years. It gives tax exemption of up to ₹ 1.5 lakh under section 80C. Its interest rate is around 7.1% per annum. The interest and maturity amount received on this investment are tax free.

Equity Linked Savings Scheme (ELSS)

ELSS is a mutual fund scheme that invests most of the money in the stock market. It has a lock-in period of three years and offers tax exemption of up to ₹1.5 lakh under Section 80C. Since it is subject to market fluctuations, it is suitable for those who are willing to take risks and want strong returns rather than just saving taxes.

National Pension Scheme (NPS)

National Pension Scheme (NPS) is a good way to save for retirement. Employees of both government and private sectors can invest in it. Investment in it offers tax exemption of ₹1.5 lakh under Section 80C and an additional ₹50,000 under 80CCD (1B). This scheme is great for retirement planning and also offers good tax benefits.

Senior Citizens Savings Scheme (SCSS)

SCSS is specially designed for people above 60 years of age. This scheme gives an annual return of about 8.2%. It has a lock-in period of five years. A maximum of ₹30 lakh can be invested in SCSS. It gives tax exemption under section 80C. It is a good option for senior citizens for safe investment and better returns.

National Savings Certificate (NSC)

NSC is a guaranteed government scheme that offers a fixed interest rate of around 7.7%. It has a lock-in period of five years and offers tax exemption of up to ₹1.5 lakh under Section 80C. It is perfect for those who want safe returns without risk.

All these schemes will not only help you save tax but also help you become financially strong in the long run. If you want good returns along with saving tax, then you can invest in any of these schemes.

The post Tax Saving Tips: These 5 schemes provide good returns along with tax savings, invest immediately first appeared on informalnewz.

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