Top 5 Small Saving Schemes which helps you to save taxes, See the list here 

Tax Saving Schemes: Post Office Schemes are still very popular among investors because there is no fear of losing money in it. Today we are going to tell you about such post office schemes, in which you can create a huge fund by investing. Along with this, this scheme also helps in tax saving. Through these schemes, you can save tax up to Rs 1.5 lakh under section 80C.

These are the 5 Top Tax Saving Schemes

National Savings Certificate (NSC)

You can start this scheme with just Rs 1000. Like PPF, you can also claim tax deduction through this scheme. Tax up to Rs 1.5 lakh can be saved by using section 80C under NSC.This scheme gives an interest of 7.7 percent. Money can be invested in it for a period of 5 years.

Senior Citizen Savings Scheme (SCSS)

This scheme is quite popular for retirement planning. Senior Citizen Saving Scheme can be started with just Rs 1000. At the same time, a maximum of Rs 30 lakh can be invested in it. Under SCSS, you get a return of 8.2 percent. Along with this, in SCSS also you can avail the benefit of tax deduction under section 80C.

Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana has been launched especially for girls. Under this scheme, you can deposit a large amount for your daughter’s future. Along with investment, this scheme also gives the benefit of tax saving. You can start this scheme with an amount of Rs 250.

Whereas tax savings of up to Rs 1.5 lakh can be made under section 80C. Under SSY, investors get a return of up to 8.2 percent.

Post Office Time Deposit Scheme (POTD)

Under this scheme, you can invest money for a period of 5 years. In this scheme also, you get the benefit of tax saving up to Rs 1.5 lakh under section 80C.

Along with this, you can start this scheme with an amount of Rs 1000. However, it is worth noting that if you have invested for a period of less than 5 years, then you do not get tax benefit. Under this scheme, you get 7.5 percent return.

Public Provident Fund (PPF)

PPF is quite popular among investors. Under this scheme, you can deposit a large amount. Along with this, tax saving of Rs 1.5 lakh is also done under section 80C. Under this scheme, your money remains deposited for 15 years. At the same time, a return of 7.1 percent is available under PPF.

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