Five Tax Saving Ways to Benefit At the Last Minute
4. Tax Saver Deposits: If you are registered in internet banking then you can be availed to invest in a tax saver deposits. It is a very popular but simple instrument which can help you save tax.
To get facilities of tax saver deposits you have to open an account which should be a fixed deposit account for 5 years at least.
Each time you invest in it, it will generate a FD receipt which you will get in your mail through internet banking. This receipt will serve as a proof to your investments in order to claim tax deduction benefits.
5. PPF and NPF: Public Provident Fund and National Provident Fund are the best investment options. Tax payers with less risk can opt for PPF where as NPF goes well with all types of tax payers.
PPF was primarily a postal scheme or a post office based scheme which offers tax free and steady returns to the investors. The NPS is also a best saving scheme in terms of tax benefits and liquidity.
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