Which is the best tax saving scheme?
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In today's time, every person wants to save as much as possible from his hard-earned money. If you choose the right tax saving scheme, then along with saving tax, you can also create a good fund for your future. In this blog, we will tell you about the best tax saving plans , so that you can choose the right plan according to your needs. 1. Public Provident Fund (PPF) – The Safest Scheme Tax exemption: Up to ₹1.5 lakh under section 80C Interest Rate: Around 7.1% (fixed by the government) Lock-in period: 15 years Risk: Absolutely safe (Guaranteed by Government) Why choose us? Safe and long term savings plan Investment, interest and maturity amount – all three are tax free Partial withdrawal can be done after 7 years 2. Equity Linked Savings Scheme (ELSS) – Highest Returning Scheme Tax exemption: Up to ₹1.5 lakh under section 80C Interest Rate: 12-15% (on average) Lock-in period: 3 years Risk: Depends on the stock market Why choose us? Lowest lock-in period (only 3 years) Hig...