There are many effective ways to save tax under Section 80C which are beneficial for everyone. Through this section, you can reduce the tax burden on your income, you just need the right investment. Under this, by investing in certain special schemes (tax saving Investment schemes), you can not only be secure for the future, but you can also save a huge amount by adopting a great way to save tax. It is very important to know and understand the right investment options so that you can reduce the pressure of tax (tax saving schemes) on your hard-earned money.

There are many investment options available-

Nowadays, there are many such investment options available in the market, which can reduce your tax. By investing money in such investments, you can save a huge amount of Rs 1.5 lakh in tax under Section 80C of the Income Tax Act. Different savings schemes are available in the market, which give you tax relief and also benefits for the future. It is important to know about these schemes so that you can save tax by making the right investment.

Benefits of investing in Equity Linked Saving Scheme -

Equity Linked Saving Scheme is a type of mutual fund, which mainly invests in the stock market. By investing money in it, you can not only get tax exemption but also earn good profits. This is the only scheme that gives benefits on investment along with saving tax (how to save tax). Through this, you can increase your capital and also take advantage of tax exemptions.

Benefits of investing in ULIP -

ULIP scheme is a combination of insurance and investment. A single investment is made in it, which provides security. ULIP does not have a fixed interest rate, due to which comes with some risk, but also provides potential benefits. You can save a lot of tax (tax save on the ULIP scheme) by investing in it.

Interest rates of investment in NPS -

NPS is a government scheme, which is designed to provide benefits at the time of retirement. By investing in it, you get interest up to 9-12 percent annually (National Pension Scheme). This scheme provides safe returns for the long term and is a great way to ensure financial security in the future and save tax

Tax savings by investing in PPF-

PPF (Public Provident Fund) is a government scheme, which is suitable for long-term savings. Tax exemption is available on the contribution made in it and after investing in it, money cannot be withdrawn for 15 years. It is a safe and long-term financial scheme, which can prove to be a good option for the future.

Save tax by investing in Sukanya Samriddhi Yojana -

Sukanya Samridhi Yojana is a government scheme, which aims to empower the future of girls. By depositing money under this, you can help in the direction of their financial development. The objective of this scheme is to create a safe and strong future for the girl child. In the current year, this scheme is getting an interest rate of 7.6 percent, due to which investors can get good returns. This scheme is an excellent option for tax savings and investment under section 80C of the IT Act.

Investing in NSC will give this benefit -

National Savings Certificate is an investment option, which is operated by the post office. Investing in it gives fixed returns and also the benefit of income tax savings. This scheme is great for those looking for safe investments. In the current year, it is getting 6.8 percent annual interest rate, due to which investors can get good benefits. This is a reliable way to increase your savings and save tax.

Benefits of investing in FD -

There are many benefits of investing in FD. These investments are preferred by those who want to avoid risk and are looking for assured benefits. By investing in it (Tax saving schemes), you get the same benefit throughout the investment period. This is a safe method, where you get a fixed return at a pre-determined interest rate. By investing in this, you can avail the benefit of tax savings under section 80C of the Income Tax Act.

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