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Equity-linked savings schemes offer shorter lock-in period and a possibility of higher returns, among other benefits compared to others.
When it comes to Term Life Insurance, you can claim tax rebates under 3 sections - Section 80C, Section 80D & Section 10(10D). You can claim up to ₹1.5 lakhs under 80C and up to ₹50,000 under 80D. Read ahead to know more.
Senior Citizens’ Saving Scheme (SCSS) is basically a retirement benefits scheme. Backed by the government, SCSS is considered the most preferred option for retirees (above the age of 60 years). The lock-in period is 5 years which can be extended for another 3 years at the time of maturity.
How to save tax on your income using govt scheme? All You Need to Know About Saving Income Tax. Read it here!
Looking to save income tax but don’t know which financial instruments to invest in? Don’t worry, we have got you covered! Here’s a list of investment options that can help you save taxes this year.