What are some legal ways of saving Income Tax?
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Isn't post office deposits a very outdated concept?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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