Popular tax savings investment schemes are as noted below :
(1) Public Provident Fund (PPF).
(2) Tax sheltered saving schemes of post office such as, NSC, NSS, etc.
(3) Investment in Infrastructure Bonds of IDBI, ICICI.
(4) Life insurance schemes where insurance premium is given tax benefit.
(5) Investment in mutual funds. Here, the tax benefit relates to income earned through
such investment.
(6) Investment in Residential House. Principal as well as Interest provide tax benefits.
(7) Investment in Pension Plan of Life Insurance Companies.
(8) Mediclaim i.e. Health Insurance.
What are the popular tax savings investment schemes?
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