Income Tax Saving: 5 investment options offering fixed interest rate without stock market volatility
The Financial Express logoThe Financial Express
APP
Switch to Hindi Edition
Search
Search
HOME
BUDGET 2022
MARKETS
expand
IPOS
ECONOMY
TECH
AUTO
99acres.Com
SME
MOBILITY
INDUSTRY
expand
AUDIO
JOBS
EDUCATION
MUTUAL FUNDS
expand
MONEY
expand
INFRASTRUCTURE
expand
INDIA
LIFESTYLE
expand
HEALTH
SCIENCE
FROM THE PRINT
expand
TODAYS PAPER
EPAPER
PHOTOS
VIDEOS
INFOGRAPHICS
HOROSCOPE
ARCHIVE
DIGITAL CURRENCY
Follow us
Linkedin
HomeIndia NewsIndustryMarketsStockHealthcareMoneyAutoDigital CurrencySMEBrandwagonAudio
99acres.Com
Must Read
Plastic Money: Should you have more than one credit card?Over 12,000 startup staff lose jobs so far this yearSmart Investing: Lock into tax-free bonds for higher yields than FDsExport bans won’t cure inflation
HOME
MONEY
INCOME TAX
Income Tax Saving: 5 investment options offering fixed interest rate without stock market volatility
For those looking for fixed interest bearing tax saving investments, without stock market volatility, here are some of the popular ones to choose from.
Written by Sunil Dhawan
July 4, 2022 4:14:24 pm
Income Tax Saving, investment options, fixed interest rate, PPF, NSC, SCSS, Section 80C
You can invest up to Rs 1.5 lakh a year in them to save tax under Section 80C.
If you are looking to save income tax, there are several tax savers available in the market. Some of them such as NPS, ELSS mutual funds, Ulips are market linked investments but as returns are not fixed in them, many investors find it as one of the many reasons to shun them.
For those looking for fixed interest bearing tax saving investments, without stock market volatility, Public Provident Fund (PPF), Post Office Time Deposit Account (POTD), National Savings Certificates (NSC), Bank 5-year tax saver and Senior Citizens Savings Scheme (SCSC) are some of the popular ones to choose from.
You can invest up to Rs 1.5 lakh a year in them to save tax under Section 80C.
ALSO READ
More recently, the portal faced snags on the first anniversary of its launch and many users complained that they were unable to log in into the portal, while some complained malfunctioning of the search functionality.
Taxpayers face issues accessing e-filing portal; Infosys taking measures, says IT dept
income tax, tax-saving investments, Chapter VI A of Income Tax Act, 80C, 80D, gross total income, deductions under Chapter VI A
Deductions under Chapter VI A of Income Tax Act: Know how much tax may be saved
tds rule for social media influencers
From tomorrow, TDS on social media influencers. Tax expert explains how it will work
ITR filing is mandatory in 10 situations – Check if you fall in any of them
Public Provident Fund
PPF is a 15-year scheme, which can be extended indefinitely in a block of 5 years. It can be opened in a designated post office or a bank branch. It can also be opened online with few banks. PPF suits those investors who do not want volatility in returns akin to equity asset class. However, for long-term goals and especially when the inflation-adjusted target amount is high, it is better to take equity exposure, preferably through equity mutual funds, including ELSS tax saving funds and not solely depend on PPF.
