Timely Savings done in these available options can help you out to get your Income Taxed
Sr No. | Tax Saving Instruments | Tax Benefits Under Section | Total Tax Deduction |
1 | Life Insurance | Section 80C (Premium) & Section 10(D) (Death/Maturity) | Up to Rs. 150000 |
2 | Health Insurance | Section 80D | Up to Rs. 55,000
|
3 | ULIPs | 80CCC | Up to Rs. 150000 |
4 | New Pension Scheme (NPS) | Section 80CCE/ section 80CCD (1B) | Up to Rs. 150000
Additional Rs. 50,000 |
5 | Equity-linked Tax Saving Scheme (ELSS) | Section 80C | Up to Rs. 150000 |
6 | Public Provident Fund (PPF) | Section 80C | Up to Rs. 150000 |
7 | National Saving Certificates (NSC) | Section 80C | Up to Rs. 150000 |