Thread by @myfinology

Top 4 ways to save Income Tax in India.

👉 Equity Linked Saving Scheme (ELSS)
👉 National Saving Certificates (NSC)
👉Public Provident Fund (PPF)
👉Employees Provident Fund (EPF)

Let's discuss in detail ⤵

1️⃣ Equity Linked Saving Scheme (ELSS)

Equity Linked Saving Scheme is the only mutual funds category that provides the facility of tax deduction under the Income Tax Act. ELSS comes with a lock-in period of 3 years.

2️⃣ National Saving Certificates (NSC)

NSC is another income tax saving technique that comes with a tenure of 5 years. The National Saving Certificate provides a fixed rate of interest, which is currently 6.8% per annum.

3️⃣ Public Provident Fund (PPF)

PPF is one of the most sought after income tax saving techniques in India. In PPF, a long-term investment could be made with a tenure of 15 years. One can open a PPF account in banks and post offices with a minimal amount of Rs. 500.

4️⃣ Employees Provident Fund (EPF)

Any investment up to Rs 1.5 lakh in EPF is tax-deductible under section 80C of the Income Tax.

Find out more in detail only on

blog.finology.in/tax/how-to-sav…