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5 tax saving schemes with guaranteed returns up to 7 6%

Updated Feb 27, 2021 | 05:58 IST Section 80C of the Income Tax Act includes various investments and expenses you can claim deductions on – up to the limit of Rs. 1.5 lakh in a financial year 5 tax saving schemes with guaranteed returns up to 7.6%  New Delhi: Tax planning is extremely important and the best time to start planning your tax-saving investments is at the beginning of the financial year. Most taxpayers procrastinate till the last quarter of the year, resulting in hurried decisions. Instead, if you plan at the start of the year, your investments can compound and help you achieve long-term goals. The most popular tax-saving options available to individuals and HUFs in India are under Section 80C of the Income Tax Act.

5 tax-saving investments which offer guaranteed returns

5 tax-saving investments which offer guaranteed returns If you are a conservative investor and your idea of investing in tax-saving instruments is not to earn huge returns by taking high risk, here is a list of investment options under Section 80C that offer guaranteed returns Tax-saving deposits by banks come with a lock-in of five years A little over a month is left to plan your tax-related investments under Section 80C for the financial year 2020-21. If you are a conservative investor and your idea of investing in tax-saving instruments is not to earn huge returns by taking high risk, here is a list of investment options under Section 80C that offer guaranteed returns. Most of these schemes are backed by the government.

Tax-saving in the Eleventh Hour- Business News

Illustration by Raj Verma With the current financial year nearing its close, it s time to take stock of your tax-saving investments. In case you opt for the old tax regime, you can claim deductions of up to Rs 1.5 lakh in a financial year under Section 80C. There are other sections also to help you reduce your tax outgo. Do your tax planning activity at the beginning of the financial year to avoid last-minute hiccups. But in case you are late, there s still time to invest and save taxes. A look at the options available for last-minute investors. Section 80C: The Most Popular

Tax-saving in the Eleventh Hour- Business News

Tax-saving in the Eleventh Hour- Business News
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