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Tax Saving Products

Pick tax-saving investments suited to you

Pick tax-saving investments suited to you
5-year Tax Saver FD, MF-Equity Linked Savings Scheme, Life Insurance-Term & Unit Linked Insurance Plan , Public Provident Fund, National Savings Certificate, Home Loan Principal Repayment , Sukanya Samridhi Yojana	Section 80C	Give yourself a raise up to ₹46,800 p.a.
National Pension System	Section 80C, 80CCD (1B)	Give yourself a raise up to ₹46,800+ ₹15,600 p.a.
Health Insurance – Family Floater	Section 80D	Give yourself a raise up to ₹23,400 p.a.*
Home Loan Interest for Self Occupied Property	Section 24B	Give yourself a raise up to ₹62,400 p.a.

*Considering deduction of ₹50,000 for Senior Citizen parents and ₹25,000 for self at the highest tax slab of 31.2%.

Tax benefit of ₹46,800 is calculated on investment of ₹1,50,000 at the highest tax slab of 31.2% under Section 80CCD(1B) of Income Tax Act, 1961

Tax benefit of ₹15,600 is calculated on investment of ₹50,000 at the highest tax slab of 31.2% under Section 80C of Income Tax Act, 1961

Tax benefit of ₹62,400 is calculated on interest payment of ₹2,00,000 at the highest tax slab of 31.2% under Section 24(b) of Income Tax Act, 1961.

There are also other sections like 80G where you can make a donation to approved funds/ charitable institutions which would make you eligible for tax exemption. You can make the donations online as well.

Investment	Returns	Lock-in period	Tax on returns
5-year bank Fixed Deposit	6% to 7%	5 years	Yes
Public Provident Fund (PPF)	7% to 8%	15 years	No
National Savings Certificate	7% to 8%	5 years	Yes
National Pension System (NPS)	8% to 10%	Till Retirement	Partially Taxable
ELSS Funds	15% to 18%	3 years	Partially Taxable