by priyanka roshan | july 2, 2024
Maximizing your tax savings while building a secure financial future is essential. Here are the top five tax-saving schemes in India for 2024 that can help you achieve both:
EPF offers tax deductions under Section 80C, making it essential for salaried individuals.
PPF provides tax deductions under Section 80C, attractive interest rates, and tax-free returns.
ELSS funds offer equity market returns and tax savings with deductions under Section 80C and a shorter lock-in period.
NPS is a voluntary retirement scheme with tax benefits under Section 80CCD(1) and additional deductions under Section 80CCD(1B).
Tax-saving FDs provide assured returns with a 5-year lock-in period and tax deductions under Section 80C.