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The new tax season starts from April 1. Save taxes under Section 80C through investment like PPF, SCSS, ELSS and NP. Consider risk hunger and financial goals before investing.
A cartoon-style depicting a clean and elegant in a clean and elegant manner under Section 80C. A friendly looking cartoon character (young professional or taxpayer) sitting at a desk with a laptop, looking at the investment options. Four floating bubbles around the character, each labeled with a major tax-saving investment: a small stock market graph inside the ELSS-bubble, showing development. A piggy bank with PPF-one lock is a symbol of safe long-term savings. NPS – A small tree growing from coins, represents retirement savings. SSY – A smiling parents are a symbol of future protection, holding a child’s hand. A calendar in the background with “April 1” highlighted the new tax starting season. A light, pastel color palette (blue, green, yellow) for a modern and visually attractive form. The overall tone should be simple, attractive and informative, which makes the tax planning feel acceptable and stress-free.
Tax savings investment in India: The new tax season starts from April 01, in which smart investors have the opportunity to reduce their tax burden. Section 80C of the Income Tax Act, 1961 provides several tax-saving investment options. Risk individuals can opt for the stability and tax-free return of the Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS). Development-oriented investors can consider Equity Linked Saving Schemes (ELSS) and National Pension Scheme (NPS), which provide both tax profit and equity exposure. Recently the market dipped the market makes it a particularly attractive entry point for equity investment.
Experts have suggested several investment options for taxpayers to save taxes under Section 80C of the Income Tax Act, 1961.
Equity Linked Saving Scheme (ELS)
Among the available options, the Equity Linked Saving Scheme (ELSS) offers 3 years the shortest lock-in period and is ideal for investors seeking development capacity through equity markets, CA Foram Naik Sheth, KMP money management solutions suggested.
Investment in ELSS Rs. They are eligible for deduction. 1.5 lakh per financial year under Section 80C of Income Tax Act, 1961.
Public provident fund
Public Provident Fund (PPF) is a long-term, government-backed investment scheme that falls under exemption-free (EEE) category, CA (Dr.) Suresh Surana said. He said, “This means that contribution, earned interest, and withdrawals are all tax-free. The interest rate is determined by the government and usually more than the bank savings rates. So far, the PPF interest rate is 7.1% per year.”
National pension system
Surana said that the National Pension System (NPS) is a pension and investment scheme regulated by a government that is designed to provide financial security during retirement. “The contribution is eligible for tax deduction up to Rs 80C. 1.5 lakhs, with an additional cut of Rs. 50,000 available under Section 80CCD (1B), “he said. In addition, partially enjoy the benefit by doing the final corpus in withdrawal and maturity, making the NPS a compelling option for the long -term retirement scheme.
Sukanya Samriddhi Yojana (SSY)
CA Foram Naik Sheth said that SSY is another good option. It is a dedicated scheme for the welfare of the girl, which offers tax-free returns (currently 8.2% PA) and has maturity benefits when the child turns 21, he explained.
National savings certificate
Another reliable investment is the National Savings Certificate (NSC), which comes with a 5-year lock-in period and provides guaranteed returns, although the earned interest is taxable, Sheth said. ,
Social security and insurance benefits
CA (Dr.) Suresh Surana said that provides financial security by offering tax benefits by investing in health and life insurance:
• Health Insurance: Payment of up to Rs. 25,000 (or Rs 50,000 for senior citizens) is deducted under Section 80D for policies covering self, spouse, children and parents.
• Life Insurance: Term Life Insurance Payed to the premium Section 80C paid to the policies. Under the deduction under it. 1.5 lakhs per year.
Finally, CA Sheth asked for risks and SCSS for risk-disclosure taxpayers seeking safe investment options under Section 80C of the Income Tax Act, 1961. Both these schemes provide stable returns, government support and significant tax benefits.
For taxpayers with high -risk hunger and a long -term investment horizon, ELSS and NP are great options. He said that both provide double benefits of money generation through equity exposure and tax saving.
However, Surana advised that before selecting any investment option, it is important for taxpayers to consider other major factors such as risks hunger, investment horizon and financial goals.
Disclaimer: In this news18.com report, the ideas and investment tips of experts are their own and not the website or its management. Users are advised to investigate with certified experts before making any investment decisions.
