Best Investment Options Under Section 80c To Save Tax

Best investment options under section 80c to save tax

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Best ways to save tax under section 80C of the Income Tax Act

One can invest up to Rs 1,50,000 in a financial year and save tax under Section 80C of the Income Tax Act.

Best investment options under section 80c to save tax

These and other options are illustrated below:

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With less than three months to go before this fi nancial year ends, investors are in a rush to save tax, and submit tax declarations to their accounts departments.

Best way to save tax under section 80C of Income Tax act

Wealth managers say there is a general aversion to equity-linked tax-saving products among investors in the last-minute rush to invest because of the turmoil in the stock market. They say those averse to risk could opt for safer instruments such as public provident fund (PPF).

One can invest up to Rs 1,50,000 in a financial year and save tax under Section 80C of the Income Tax Act.

Best investment options under section 80c to save tax

These and other options are illustrated below:

AVAILABLE TAX-SAVING OPTIONS