filing ITR? Here is how you can save tax!

Now that Everyone might be filling up their ITRs, here are 5 ways to save on Tax This Year...

Equity Linked Savings Schemes (ELSS)

[{"selector":"#anim-7b36823e-36a5-49e8-bfff-4a8b82ec4bf1","keyframes":{"opacity":[0,1]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c55054c-f38c-4330-b857-fb1870ba571f","keyframes":{"transform":["translate3d(116.39871%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6546bbec-3c81-4e4b-baac-85e0976b9659","keyframes":{"opacity":[0,1]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fbaad34f-c64b-46f4-ae0e-b120e04bf3f5","keyframes":{"transform":["translate3d(126.44928%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ada58f23-958b-481a-985b-8681fa0505d6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] It is a tax-saving mutual fund that combines the potential for long-term capital growth with the benefit of tax deductions under Section 80C of the Income Tax Act in India.

Public Provident Fund (PPF)

[{"selector":"#anim-4615e6a4-3902-4927-acec-971dbb112d11 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9d110135-8f8c-4a77-98bd-56d64b318793","keyframes":{"opacity":[0,1]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0aa1d15-e4be-4a97-880f-7d7c3258f74b","keyframes":{"transform":["translate3d(116.39871%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b1a77273-b073-419a-a4f2-77618ef488cd","keyframes":{"opacity":[0,1]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ce7bb6a-862d-4c44-82f9-4e66c389311c","keyframes":{"transform":["translate3d(125.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] PPF is a popular long-term savings scheme in India that offers guaranteed tax free returns, tax benefits, and a secure investment avenue.

National Pension Scheme (NPS)

[{"selector":"#anim-c7e4c948-7b0a-4d8e-a90f-4b141b810ab2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-12.045454546534302%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-3fb3ff1c-c7be-40cb-a41c-d7496007d501","keyframes":{"opacity":[0,1]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e59171dd-b088-4d8f-9be3-85a5feb9a6b1","keyframes":{"transform":["translate3d(116.39871%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0167d8d1-eda9-42e1-a0a2-ec022bbb999b","keyframes":{"opacity":[0,1]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf5fb639-1a95-49f4-bdd4-715e148f3d89","keyframes":{"transform":["translate3d(125.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] NPS is a government-backed retirement savings scheme in India that provides individuals with a systematic and regulated investment platform for building a pension corpus.

Unit-Linked Insurance Plan (ULIP)

[{"selector":"#anim-25987577-402a-4d7d-bcbb-f207b43874a4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1ceedbe6-0504-4edf-9623-f55faf36254a","keyframes":{"opacity":[0,1]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d88b2d9-7e83-4250-9156-44e0a6f759bc","keyframes":{"transform":["translate3d(116.39871%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3151df3a-a4d7-4fdb-a438-38821b4e4e74","keyframes":{"opacity":[0,1]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71c7dba1-142e-4123-b70a-22943ff28657","keyframes":{"transform":["translate3d(125.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] ULIP is a hybrid investment cum insurance product that offers individuals the benefits of both life insurance coverage and investment opportunities in various market-linked funds.

Tax Saver Fixed Deposits (FDs)

[{"selector":"#anim-2d2ffd5b-863c-4f4c-8667-4f8d7c54b915 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5121eef3-7564-4ab8-b02f-76e5620bc381","keyframes":{"opacity":[0,1]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58cc2e87-87d9-4243-b1b3-1d3f02ca8eca","keyframes":{"transform":["translate3d(116.39871%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":900,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6d175d7-d957-4e9f-9883-faea8e053ec4","keyframes":{"opacity":[0,1]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-802cd76a-63bf-4d5e-adce-90fd29cd2776","keyframes":{"transform":["translate3d(124.63769%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":900,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tax Saver FDs (Fixed Deposits) are special fixed deposit schemes in India that offer tax deductions under Section 80C of the Income Tax Act, making them an attractive investment option for individuals looking to save on taxes while earning fixed returns.