5 Tax Saving Options With Fixed Returns

Published On: 04-Jul-2017

Income Tax provisions allow deduction under Section 80C up to Rs. 1.50 lakh in a financial year, which effectively reduces the taxable income. There is a large bouquet of investment options listed under the section, wherein the investor can invest and take the tax benefit. While some options provide market-linked returns, like Equity Linked Savings Scheme (ELSS), Unit Linked Insurance Policies (ULIP), etc., some options provide fixed returns to the investments. Here are five tax saving options for the investors giving fixed returns:

01

Senior Citizens Savings Scheme (SCSS)

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02

Public Provident Fund (PPF)

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03

National Savings Certificate (NSC)

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04

Sukanya Samridhhi Account (SSA)

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05

5-year Tax Saving Fixed Deposit

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