Tax-saving investments allow you to reduce taxable income, helping you save money on taxes, primarily under Section 80C of the Income Tax Act.
Certain tax-saving options, like Equity-Linked Savings Schemes (ELSS), offer the potential for capital growth, helping grow your wealth while saving on taxes.
Most insurers offer a cashless treatment facility within their network hospitals, reducing out-of-pocket expenses at the time of treatment.
These investments includes like PPF, ELSS, National Savings Certificate, tax-saving FDs, and more, offering flexibility based on risk tolerance and investment horizon.
Tax-saving investments help reduce taxable income under sections like 80C, 80D, and 80CCD, offering financial growth and tax benefits.
Popular options include ELSS, PPF, NSC, tax-saving FDs, NPS, life insurance, and health insurance policies.
Under Section 80C, you can claim a deduction of up to ₹1.5 lakh annually from your taxable income.