Best way to save tax in Financial year 2020-21 Top 10 tax savings investment plan. Tex benefit under section 80C and highest returns 1.ELSS FUND(EQUITY LINKED SAVING SCHEME)- Also called Tax saving Mutual fund Return 13.18% for last 3 years, potential of high returns, flexibility and ease of investment keep ELSS at the top. ELSS fund continue to rule the root in the section 80C basket. And for good reason too.these fund have generated the highest returns among all tax saving instrument they also have the shortest lock in of three years. Gain up to 1 lakh are tax free and regular harvesting of gain can help investment avoid tax on long term capital gain. Investing is very easy as all fund house now offer the online investing facility. 2.NPS(NATIONAL PENSION SYSTEM OR NEW PENSION SCHEME).Returns 9.33 for past 5 years (Government scheme) for employees under state and central government(Compulsory) for private employees(optional) New rule, additional tax benefi...
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