Naimishkumar Parmar (@MintConsultant) 2 Followers 1w

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Personal Finance 748 10

Tax Saving Investment Options for Tax-Free Income in 2022-2023

Investors are always looking for options that generate tax-free income. The good news is that there are plenty of tax free investments in India for investors.

Listed below are tax free investments that meet a variety of needs and financial goals:

Sr No. Best Tax Free Investments Maximum Annual Investment Tax Benefits

1. Life Insurance

Rs. 1,50,000 (Rs 1.5 lakhs) Under Section 80C and Section 10(D)

2. PPF (Public Provident Fund)

Rs. 1,50,000 (Rs 1.5 lakhs) Under Section 80C and Section 10(D)

3. NPS (New Pension Scheme)

Rs. 1,50,000 (Rs 1.5 lakhs) Under Section 80CCD

4. Pension

Rs. 1,50,000 (Rs 1.5 lakhs) Under Section 80CCC

5. Life Insurance

Rs. 1,50,000 (Rs 1.5 lakhs) Under Section 80C

6. SCSS (Senior Citizens Saving Schemes)

Single Holding - Rs. 9 Lakhs

Joint Holding - Rs. 15 Lakhs Under Section 80C

 


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