How to choose the right tax saving investment for yourself

THE ECONOMIC TIMES Sat, Feb 23, 2019 | 11:45 AM IST Tax-saving guide for FY 2018-19

Double benefit: 6 tax saving investments with tax-exempt returns Here are 6 tax savers that will not only help you save tax but also help you earn tax-free income. Seven tax-saving investments for the risk averse Here are seven fixed-income, tax-saving avenues for someone who does not want to take much risk with their investment and want just assured returns. How ELSS can help you save tax, fund retirement ELSS is more volatile than the fixed income alternatives available for tax-saving but has the shortest lock in and offers the potential of growth via equity. Tax saving options other than section 80C You can claim deductions from your gross total income by investing in avenues specified by the government. Interest rate comparison of tax-saving debt investments But before you get down to choosing a tax saving investment you should probably first calculate how much you need to invest to save tax. Best tax saving option for FY 2018-19: Top 10 instruments Best tax saving option for FY 2018-19: Here's a comparison of top 10 instruments. Investments under section 80C to save tax Most people invest in life insurance policies, PPF, ELSS in order to avail this deduction, but there are other options too worth considering. Benefits of investing in tax saving fixed deposits Tax-saving FD is one of the tax saving instruments where one can invest to save tax under section 80C of the Income Tax Act. PPF investment: Safe option to save tax, fund retirement Since the Public Provident Fund (PPF) has a long tenure of 15 years, the impact of compounding is huge, especially in the later years. How to claim tax benefit for additional Rs 50,000 NPS investment The Finance Act 2015 inserted a new sub-section (1B) under Section 80CCD of the Income Tax Act to encourage investment in NPS.

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