Don't panic if you haven't planned your tax savings yet. Here are ten well-liked tax-saving options based on ET Wealth's annual rankings.
Returns, safety, flexibility, liquidity, cost, transparency, ease of investment, and taxability have all been taken into consideration while evaluating these possibilities. The National Pension System (NPS), Retirement Mutual Funds, sukanya Samriddhi Yojana, National Savings Certificate (NSC), Public Provident Fund (PPF), National Savings Certificate (NSC), Equity Linked Savings Scheme (ELSS), and Retirement Mutual Funds are a few of them.
The greatest choice for investors is ELSS, which offers excellent returns with an average 5-year return of 19.39% and tax-free gains with a short lock-in period. In addition, NPS gives additional tax deductions and an average return of 7.5–16.9%, making it a great choice for retirement. Options like PPF and NSC provide safe investments with assured tax-free returns, while sukanya Samriddhi Yojana, among others, ensures daughters' futures with 8.2% yields. Select the instrument that best meets your financial demands because each one has unique goals and advantages.
The Income Tax Return (ITR) filing deadline for AY 2025–2026 has been moved from July 31 to september 15 by the Central Board of Direct Taxes (CBDT). According to a press release from the CBDT, the deadline has been extended to give taxpayers a more pleasant and easy filing experience.
Returns, safety, flexibility, liquidity, cost, transparency, ease of investment, and taxability have all been taken into consideration while evaluating these possibilities. The National Pension System (NPS), Retirement Mutual Funds, sukanya Samriddhi Yojana, National Savings Certificate (NSC), Public Provident Fund (PPF), National Savings Certificate (NSC), Equity Linked Savings Scheme (ELSS), and Retirement Mutual Funds are a few of them.
The greatest choice for investors is ELSS, which offers excellent returns with an average 5-year return of 19.39% and tax-free gains with a short lock-in period. In addition, NPS gives additional tax deductions and an average return of 7.5–16.9%, making it a great choice for retirement. Options like PPF and NSC provide safe investments with assured tax-free returns, while sukanya Samriddhi Yojana, among others, ensures daughters' futures with 8.2% yields. Select the instrument that best meets your financial demands because each one has unique goals and advantages.
The Income Tax Return (ITR) filing deadline for AY 2025–2026 has been moved from July 31 to september 15 by the Central Board of Direct Taxes (CBDT). According to a press release from the CBDT, the deadline has been extended to give taxpayers a more pleasant and easy filing experience.
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