By investing in ELSS, which are diversified mutual funds, you can get a tax benefit of up to ₹1.5 lakh per year. You can get your tax returns either in dividends or through a growth option
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Public Provident Fund (PPF)
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This is a long-term investment option where the returns on PPF accounts are tax-free
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National Pension System (NPS)
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NPS is a popular tax-saving investment administered and regulated by the Pension Regulatory Fund Authority of India
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Unit-Linked Insurance Plan (ULIP)
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ULIP provides you with life insurance and saves your income into market-linked assets that vary between debt and equity
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Tax Saver Fixed Deposits (FDs)
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You can claim a tax deduction by investing your income in a tax saver FD which has a maturity period of 5 years