https://www.desidime.com/discussions/what-is-the-best-way-to-use-section-80c?page=2#post_9153032
For me ppf is best
150k per year
Output-40L
If I extend 5 year-60L
in 40, my investment is 22.5L
I can keep this profit and my tax is zero on this amount.
In any other case
10-15% will be taken by gov in the name of tax.
if I get to keep my ppf for 25 year
That is close 1 cr with 0 tax
After 10-15 years we all might be paying 10-30% tax on all income
So tax free income make sense to me.
Just my 2 cent
And this is risk free
I put money in risk free first and rest in risk instruments.
The Best Best is PPF.. Risk free standard returns and no tax on the interest too.
ELSS may give better returns but subject to market risk.. No guarantee that you will get high returns.
With NPS you can save extra 50000 in tax under section 80CCD(1B)
There are several options you can choose to save tax under Section 80C of the Income Tax Act. These include:
There are several options you can choose to save tax under Section 80C of the Income Tax Act. These include:
NPS doesn't come under 80C. Also, it's tax saving FD. Not the normal one. Be aware.