BENGALURU: There are several tax-saving options available in the market and people are choosing one of them to save on taxes. But ever wondered whether it is good for your money health or not, whether the tax-saving options suit your lifestyle and money qualities. Well, these things are to be pointed, and worked upon it to help choose yourself a better tax-saving product available in the market. Times of India have come with a list of top right tax-saving option to choose from; let us have a look.

Sr Citizens' Saving Scheme

The Senior Citizen’s Saving Scheme is meant for the people aged above 60. It is an ideal tax saving option for senior citizens as the returns and liquidity offered sounds good and planned accordingly for the benefits of the senior citizens. Rate of interest is 9.2 percent per annum. Any depositor may open an account at any deposit office by making an application along with the amount of deposit in multiple of one thousand rupees, along with age proof. The scheme holder shall not exceed the maximum limit of 15 lakhs and can open a joint account only along with spouse.

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