Which is the best tax saving investment in India?

Which is the best tax saving investment in India?

Investment options under Sec 80C

Investment	Returns	Lock-in Period
National Pension System (NPS)	12\% to 14\%	Till Retirement
ELSS Funds	15\% to 18\%	3 years
Unit Linked Insurance Plan (ULIP)	Varies with Plan Chosen	5 years
Sukanya Samriddhi Yojana (SSY)	7.60\%	N/A

Which investments have the best returns in India?

Now, let us take a quick understanding of each of the best investment options with high returns in India 2021 one by one:

• Unit Linked Insurance Plan (ULIP)
• Public Provident Fund (PPF)
• Mutual Fund.
• Bank Fixed Deposits.
• National Pension Scheme (NPS)
• Senior Citizen Savings Scheme.
• Direct Equity.
• Real Estate Investment.

Which investment gives the highest return?

9 Safe Investments With the Highest Returns

• Certificates of Deposit.
• Money Market Accounts.
• Treasury Bonds.
• Treasury Inflation-Protected Securities.
• Municipal Bonds.
• Corporate Bonds.
• S&P 500 Index Fund/ETF.
• Dividend Stocks. Dividend stocks present some especially strong options for a few reasons.

Which investment is tax free?

Listed below are tax free investments that meet a variety of needs and financial goals:

Sr No.	Best Tax Free Investments	Tax Benefits
1.	Life Insurance	Under Section 80C and Section 10(D)
2.	PPF (Public Provident Fund)	Under Section 80C and Section 10(D)
3.	NPS (New Pension Scheme)	Under Section 80CCD
4.	Pension	Under Section 80CCC

Which tax saving scheme is best?

Best Tax-Saving Investments Under Section 80C

Investment	Returns	Lock-in Period
Public Provident Fund (PPF)	7\%-8\%	15 years
Sukanya Samriddhi Yojana	8.5\%	N/A
National Savings Certificate	7\%-8\%	5 years
Senior Citizen Saving Scheme	8.7\%	5 years

Which business is tax free in India?

Income from farming and agriculture is tax free. Agriculture income is exempted under section 10(1) of Income Tax Act. Even income from activities such as poultry and cattle rearing is considered as agricultural income.

How can I get zero income tax?

Tax Exempted Salary Components

1. Meal Coupons.
2. Car Maintenance.
3. EPF (Contribution by Employer)
4. NPS (Contribution by Employer)
5. Gift voucher.
6. Mobile Phone and the Internet Bill Reimbursement.
7. Newspaper/Journal Allowance.
8. Children Education/Hostel Allowance.

How can I avoid tax on 12 lakhs?

Tax Deductions under Section 80(C)

1. Investments in PPF (Public Provident Fund)
2. Investments in EPF (Employee Provident Fund)
3. Investments in ELSS funds (Equity-Linked Savings Scheme)
4. Investments in NSC (National Savings Certificates)
5. Payment of premiums against Life Insurance Policies.

Which is the best tax saving investment plan in India?

16 Best Tax Saving Investment Plans. 1 1. Life Insurance Plan. Life Insurance Plan is one of the most important investment plans in India. It ensures that one’s family is financially 2 2. ELSS Funds. 3 2. Public Provident Fund (PPF) 4 3. Sukanya Samridhi Yojana. 5 4. National Savings Certificate.

Which investments are eligible for tax exemption in India?

As per this section, the investments made by the investor are eligible for tax exemption up to a maximum limit of Rs. 1, 50,000. Such investments include ELSS (Equity Linked Saving Scheme), Fixed Deposits, Life Insurance, Public Provident Fund, National Savings Scheme and Bonds.

What are the best tax-saving investments under Section 80C of it?

Such investments include ELSS (Equity Linked Saving Scheme), Fixed Deposits, Life Insurance, Public Provident Fund, National Savings Scheme and Bonds. There are a very few investment avenues that provide a further tax deduction, over and above this limit. Let’s take a look at the best tax-saving investments under section 80C of IT Act.

What are the best ways to save money in India?

1. Life Insurance Plan 2. ELSS Funds 2. Public Provident Fund (PPF) 3. Sukanya Samridhi Yojana 4. National Savings Certificate 5. Tax-savings fixed deposit 6. Senior Citizen Savings Scheme 7. School Tuition Fees: 8.