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Income Tax Saving Scheme: If you are planning to invest your hard earned money somewhere, then this news can prove to be of great use to you. In this news, we are going to give you information about many such schemes, by investing in which you will get the benefit of tax exemption under Income Tax. Along with this, you will also get a good return. Know the complete details about some such 5 tax saving schemes (Schemes For Tax Saving). How are you getting the opportunity of tax saving by investing in it.
National Pension System
National Pension System which is also known as NPA Scheme. If you invest in it at the right time, it will become a big support in your old age. In this, you can opt for both Retirement Fund and Pension. The ratio of retirement fund should not be more than 75 percent. By investing in this scheme, you get the facility of tax exemption of Rs 1.5 lakh under Section 80C of Income Tax. Also, additional exemption of Rs 50,000 is available under section 80CCD (E). In this case, you can take advantage of the maximum discount of Rs 2 lakh in total.
post office term deposit scheme
Various schemes are being run by the Central Government in the Post Office. In this, the Post Office Term Deposit Scheme can prove to be very useful for you. On investing in this, customers are being given an interest rate of 7.60 percent. You can invest your money in this scheme for a maximum period of 5 years. Also, on investing in term deposit scheme, you are given a rebate of Rs 1.5 lakh under section 80C of income tax. Along with this, good returns are also available.
public provident fund scheme
Public Provident Fund Scheme is also a kind of government scheme. By investing in this, you can take advantage of excellent returns over a period of 15 years. You can open your account by going to any government bank or post office. The benefit of 7.10 percent interest rate is available on this scheme. You can invest from Rs 500 to Rs 1.5 lakh in this scheme. In this scheme also you get the benefit of exemption of Rs 1.5 lakh under section 80C of income tax.
ELSS Mutual Fund
If you have to invest, then you can invest in ELSS Mutual Fund. On investing in this, you will get a rebate of Rs 1.5 lakh under Section 80C of Income Tax. In this you have to invest at least 5 years. You can avail tax saving benefit of up to Rs 1.5 lakh by investing in this scheme for 3 years. In this, you get a return of more than 10 percent.
Voluntary Provident Fund
You can also invest in Voluntary Provident Fund Scheme. However, there is no limit to investment in this. By investing in it, you get a deduction of Rs 1.5 lakh under Section 80C of Income Tax. If you want, you can invest 100% of your basic salary in Voluntary Provident Fund. This will give you a return of 8.10%, which can be used as your retirement fund.
read this also- Electric Vehicle: Save income tax and fuel money by buying an electric car, last chance till March 31
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