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Tax Savings Schemes

Tax Savings Fixed Deposits in Banks

Tax Savings Fixed Deposits in Post Office

Equity Linked Savings Schemes (ELSS)

Tax Savings Fixed Deposits, Post Office Schemes, ELSS, 80(c) Fixed Deposit Rates Tax Savings Fixed Deposit Rates in India, Ratekhoj.com

Tax Savings Fixed Deposits and other schemes

Government of India has designated certain schemes as eligible for tax savings under Sec 80c of the IT Act. Amounts upto Rs. 1 lakh per year are deductible from taxable amounts under this provision. Schemes eligible under this provision include certain Post Office schemes, tax savings bank fixed deposits (which have to be of at least 5 years duration) as well as Equity Linked Savings Schemes (ELSS) which are equity based mutual funds requiring a lock-in period of 3 years.