Tax Saving Options / Schemes
At a Glance

The table below shows salient features of popular tax saving options / schemes available. You may compare and select the option / scheme best suitable for you keeping in view the returns, tax benefits, liquidity, tenure etc.

The deposit accounts offered by banks fall broadly under following categories :

OptionReturnsTenureTax BenefitsLiquidity
PPF8.70% p.a.15 yearsu/s 80C
Interest is NOT taxable
Loan and Withdrawals available
NSC (VIII) issue8.50% p.a.5 yearsu/s 80C
Interest is taxable
Loan from banks.
NSC (IX) issue8.80% p.a.10 yearsu/s 80C
Interest is taxable
Loan from banks.
Bank Tax Saving Time DepositVaries from bank to bank5 yearsu/s 80C
Interest is taxable
Post Office Term Deposit
(For 5 years)
8.50% p.a.5 yearsu/s 80C
Interest is taxable
Post Office Senior Citizen Saving Scheme9.20% p.a.5 yearsu/s 80C
Interest is taxable
Sukanya Samriddhi Account9.2% p.a.21 years or marriage of the girl child, whichever is earlieru/s 80C
Interest is NOT taxable
Withdrawal for higher education
Life InsuranceRelated to Market Movement
Returns are usually lower than other options
Minimum 3 yearsu/s 80C
Amount payable on maturity of policy is not taxable.
Loan from banks
Eligible Mutual FundsBears market RiskMin. lock in period of 3 yearsYes u/s 80C
Dividend is exempted in the hands of investors.
Health InsuranceNot ApplicableNot applicableUpto ₹ 20,000/- for senior citizen and ₹ 15,000/- for others u/s 80DNot applicable
Home LoansNot ApplicableNot ApplicableLoan repayments u/s 80C.
Accrued interest u/s 24.
Not applicable

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Tax Rates
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Income Tax AY 2019-20
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Interest u/s 234 : Non-corporates
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Taxable HRA
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Gold & Silver Assets Valuation
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Taxability of Pensioners and Sr. Citizens
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PAN and PAN Card
View 26AS
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PPF account - Features
PPF Calculator
Sukanya Samriddhi Yojana Calculator
Sukanya Samriddhi Yojana features
Fillable Forms with formulas
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Income Tax forms
TDS Form 16
Challan 280
Challan 281
Income Tax Form 10E
TDS forms
PAN and TAN forms
Post Office forms
RTO forms
SBI forms
HDFC Bank forms
ICICI Bank forms
Axis Bank forms
EPF forms
NPS forms
ESIC forms
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Vat forms for various states
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CGAS 1988 forms
Police Verification forms
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For Non-Residents
Income Tax Slabs AY 2019-20
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Advance Tax Calculator
TDS Rates AY 2019-20
TDS Calculator AY 2019-20
Residential Status
Post Office Schemes
PO RD features
PO NSC features
PO MIS features
PO SB features
PO TD features
PO KVP features
PO SCSS features
PO NSC, MIS, RD, TD, SCSS, KVP Calculator
Misc. Tools, Utilities and info
Ramayana Prashnavali
Bank Holidays 2018
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Liberalised Remittance Scheme (LRS)
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