WebTax Saving Investment Options - Compare best tax saving investments in India. Learn more about Section 80 deductions, HUF, Mutual funds, PPF ELSS & other tax savings schemes from Max Life & choose the right option for you. WebMar 17, 2024 · 1,200 (Rs 30,000 * 0.04) Total Taxes Saved. Rs 46,800. Rs 31,200. You can save Rs 31,200 a year in taxes if you invest Rs 1.5 lakh per year in ELSS and fall in the 20% income tax bracket. Moreover, you can save Rs 46,800 a year in taxes if you invest Rs 1.5 lakh per year in ELSS and fall in the 30% income tax bracket.

Tax-efficient ways to save or invest MoneyHelper - MaPS

WebMar 14, 2024 · 6. TAX SAVING FD: The tax saving FD permits investment to save tax amounts under the 80C section of the Income Tax Act 1961. The period for this tax … WebTax Saving Investments : There are a wide array of tax saving investments that allow for deductions up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. ... Equity Linked Savings Schemes(ELSS) b. Unit Linked Insurance Plans(ULIPS) c. Public Provident Fund(PPF) d. Employees’ Provident Fund(EPF) e. first person zombie survival games online

IRAS SRS contributions and tax relief

Webstands for Equity Linked Savings Scheme. These are tax-saving mutual funds that invest at least 65% of their assets in the stock markets. Investments of up to Rs 1.5 lakh in ELSS … Webstands for Equity Linked Savings Scheme. These are tax-saving mutual funds that invest at least 65% of their assets in the stock markets. Investments of up to Rs 1.5 lakh in ELSS funds can earn a tax break under Section 80C. The advantage of ELSS funds is that they come with the lowest lock-in among all tax-saving investments – just 3 years. WebAn ELSS is a tax-saving, open-ended mutual fund scheme that invests at least 80% of its assets in equity. It is one of the best tax-saving investments for investors with a high-risk … first person year 1