Investment Planning for Tax Savings

 

Table of Contents

·         1.   Investment in Sukanya Samriddhi Yojana (SSY)

o    (A)   Eligibility for Sukanya Samriddhi Yojana  (SSY) Account

·         2.   Investment in Post Office Savings Account

·         3.   Investment in Post Office Recurring Deposit

·         4.   Investment in 5-Year Post Office Recurring Deposit Account (RD)

·         5. Investment in  Post Office Time Deposit Account (TD)

·         6.   Investment in Post Office Monthly Income Scheme Account (MIS)

·         7.   Investment in Senior Citizen Savings Scheme (SCSS)

·         8.   Investment in 15 year Public Provident Fund Account (PPF)

·         9.   Investment in National Savings Certificate (NSC)

o    (A)   National Savings  Certificates  (NSC)  & 5 Years National  Savings  Certificate (VIII  Issue)

o    (B)   Salient Features including Tax Rebate in case of Saving in National Savings Certificate (NSC)

·         10. Investment in Kisan Vikas Patra (KVP)

·         11. Investment in National Pension Scheme (NPS)

o    [Section 80C]- Deduction allowable from income for Payment of life Insurance Premium 

·         12. Investment in ICICI Prudential Term Life Insurance plan

o    (A)   High Life Insurance Amount at affordable premiums:

o    (B)   Cover Against Critical Illnesses:

o    (C)   Support In Case Of Disability:

o    (D)   Additional Security:

o    (E)   Tax Benefits:

·         13. Investment in Unit Linked Investment Plan (ULIP)

·         14. Investment in Retirement Plans

·         15. Tax benefits on LIC Insurance Policies under section 80CCC:

·         16. Tax benefits on LIC Insurance Policies under section 80DD:

·         17. Tax benefits on LIC Insurance Policies under section 10 (10D):

 

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