10 tax-saving investment options

Oct 18, 2023 Sankunni K

Fixed deposit: Tax deduction under Section 80C of Income Tax Act Source: Freepik

Unit Linked Insurance Plan (ULIP): Tax deduction under Section 80C and Seection 10 (10D) of Income Tax Act Source: Freepik

Public Provident Fund: Tax deduction under Section 80C Income Tax Act Source: Freepik

Life insurance: Tax deduction under Section 80C Income Tax Act. Proceeds on death/maturity are tax-free under Section 10(D) Source: Unsplash

Tax-saving mutual funds: Tax deduction under Section 80C of Income Tax Act Source: Freepik

Pension plans: Tax deduction under Section 80CCC of Income Tax Act Source: Unsplash

National Savings Certificate (NSC): Tax deduction under Section 80C Income Tax Act Source: Indian post

Health insurance or Mediclaim: Tax deduction under Section 80D Source: Freepik

Senior Citizen Savings Scheme: Tax deduction under Section 80C Income Tax Act Source: Unsplash

National Pension Scheme (NPS): Tax deduction under Section 80CCD of the Income Tax Act Source: Unsplash