What are some legal ways of saving Income Tax?
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Tax Saving Ways
Replies (5)
Quick Summary
Invest in 80c securities or in specified bonds elected by government,
Could you please elaborate more on 80C securities ?
I think that certain investment options also give you a way to save tax legally. Investments like ELSS and Unit linked Insurance Plans( ULIPs) help you save taxes
Invest under:
- NSC
- Tax saving FDs more than 5 years,
- Post Office deposits
- LIC policies - you can also invest into ULIP
- ELSS schemes of mutual funds
| Originally posted by : Spurto Consultancy Services | ||
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Invest under: - NSC - Tax saving FDs more than 5 years, - Post Office deposits - LIC policies - you can also invest into ULIP - ELSS schemes of mutual funds |
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Isn't post office deposits a very outdated concept? And can taxes still be saved on that?
Could you please elaborate more of what NSC is? What would it mean to invest in NSC?
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