Top 5 Tax saving investment Plans

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Best Tax Saving Plan
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Top 5 Tax saving investment Plans
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• When Frank Sinatra sang Fly me to the moon he
  probably wasnt thinking that we humans would
  actually make living on the moon possible.
• Although that plan is for a couple of years
  away, you could always start saving up to make it
  to the moon.
• Tax saving investment plans could just be the
  best way to help you get that moolah. Surprised?

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• Home Loan Principle
• You may wonder how a home loan can be an
  investment vehicle. A loan is a liability, but a
  home loan, being a financial assistance for an
  appreciating asset (like a real estate
  investment), the principal portion of a home loan
  repayment works as an investment.
• Tax Saving Mutual Funds or ELSS ELSS or Equity
  Linked Saving Scheme is one of the most popular
  tax saving instruments that offers handsome
  returns. ELSS is a diversified equity mutual fund
  that has a three year lock in period, which is
  the shortest amid all tax saving instruments. You
  can save up to Rs.1 lakh on tax under the ELSS
  scheme

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• Tax Saving Mutual Funds or ELSS ELSS or Equity
  Linked Saving Scheme is one of the most popular
  tax saving instruments that offers handsome
  returns.
• ELSS is a diversified equity mutual fund that has
  a three year lock in period, which is the
  shortest amid all tax saving instruments. You can
  save up to Rs.1 lakh on tax under the ELSS
  scheme.
• ELSS funds give returns ranging from 13 to 22
  per annum, depending on the type of fund.
• Any returns received from equity funds after one
  year are also tax free.

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• The interest for Best tax saving plan fixed
  deposits is generally compounded quarterly and
  gets reinvested into the fixed deposit along with
  the principal amount.
• Source (https//blog.bankbazaar.com/top-5-tax-sav
  ing-investment-plans/)

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