Income Tax Saving Schemes

The following are various Tax Savings Schemes you can
avail of to save your Tax.


National Savings Certificates (NSC)

Min Investment - 100

Max Investment - No Limit

Returns - 8 %

Maturity - 6 Years

Tax Benefits - Exemption u/s 88 (on Money Invested)

Exemption u/s 80L (on Interest gained)



Public Provident Fund (PPF)

Min Investment - 500

Max Investment - 70,000

Returns - 8 %

Maturity - 15 Years

Tax Benefits - Exemption u/s 88 (on Money Invested)

Exemption u/s 80L (on Interest gained)

Other Highlights - Loans can be taken & nominations.

Kisan Vikas Patra (KVP)

Min Investment - 100

Max Investment - No Limit

Returns - Money Doubles in 8 Years

Tax Benefits - No


Unit Linked Insurance Plan (ULIP)

An ULIP - Unit Linked Insurance Plan - is a financial product that offers you life insurance as well as an investment like a mutual fund

Investments in ULIP attract the benefit under Section 80C.


Infrastructure Bonds -- IDBI/ ICICI Bank

Financial institutions like IDBI and ICICI Bank come out with bonds that also have a tax benefit under Section 88.

One can claim exemption from tax to the tune of Rs 15,000 under Section 80L

Max Investment - 100,000

Returns - 5 - 6 %

Lock in period - 3 Years

Tax Benefits - Exemption u/s 88 (on Money Invested)

No Exemption (on Interest gained)


Mutual Funds -- ELSS

Max Investment - 10,000

Returns - Not fixed

Lock in period - 3 Years

Tax benefits - Dividends and appreciation in NAV. Both are tax free



There are other Tax Saving Schemes..

Life insurance schemes
Medical Insurance Schemes (Section 80 D)
Pension Plans (Section 80 CCC)