{"id":42529,"date":"2019-08-22T19:38:39","date_gmt":"2019-08-22T14:08:39","guid":{"rendered":"https:\/\/www.newsilike.in\/?p=42529"},"modified":"2019-08-22T19:38:42","modified_gmt":"2019-08-22T14:08:42","slug":"5-investment-options-dual-tax-benefits","status":"publish","type":"post","link":"https:\/\/www.newsilike.in\/5-investment-options-dual-tax-benefits\/","title":{"rendered":"5 Investment Options with Dual Tax Benefits"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"810\" height=\"450\" src=\"https:\/\/www.newsilike.in\/wp-content\/uploads\/Tax-Saving-Investment.png\" alt=\"Tax Saving Investments\" class=\"wp-image-40429\" title=\"\" srcset=\"https:\/\/www.newsilike.in\/wp-content\/uploads\/Tax-Saving-Investment.png 810w, https:\/\/www.newsilike.in\/wp-content\/uploads\/Tax-Saving-Investment-500x278.png 500w, https:\/\/www.newsilike.in\/wp-content\/uploads\/Tax-Saving-Investment-768x427.png 768w, https:\/\/www.newsilike.in\/wp-content\/uploads\/Tax-Saving-Investment-700x389.png 700w\" sizes=\"(max-width: 810px) 100vw, 810px\" \/><\/figure>\n\n\n\n<p>When looking for an ideal investment plan, we all look for\ncertain benefits. To maximize the benefits and tax savings, one needs to narrow\ndown and shortlist multiple tax saving investments. These options offer tax\nbreaks and deductions in adherence to the governmental guidelines.<\/p>\n\n\n\n<p>If you are an investor, you might have more preference\ntowards a tax saving instrument that offers not just a tax deduction, but also\na tax-free income on your investments that fall under various different\nsections of the Income Tax Act. According to the Income Tax Department, the\nincome tax deductions are available under multiple sections, some of them\nnamely Section 80C, Section 80D, Section 80E, Section 80DD, Section 80EE,\nSection 80B, and the likes.&nbsp; <\/p>\n\n\n\n<p>So if you are an investor looking for <a rel=\"noreferrer noopener\" label=\" (opens in a new tab)\" href=\"https:\/\/blogs.bajajallianzlife.com\/best-ways-to-invest-money\/?utm_source=off-site&amp;utm_medium=paid-syndication&amp;utm_campaign=blogger-syndication\" target=\"_blank\" class=\"broken_link\"><strong>where to invest money<\/strong><\/a>, let us explore some tax saving investments that can give you tax-free returns. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Here are 5 such tax-saving investment options:<\/h2>\n\n\n\n<ol><li><strong>Public\nProvident Fund (PPF):<\/strong>&nbsp; The PPF or\nPublic Provident Fund serves the purpose of mobilizing small savings, and\noffers investment with reasonably good returns and income tax benefits. <\/li><\/ol>\n\n\n\n<ul><li><strong>Employees\nProvident Fund (EPF):<\/strong> The EPF or Employees Provident Fund is another tax\nsavings tool where the employer and employee both contribute an equal savings\namount, that can be availed when switching jobs or during retirement. <\/li><\/ul>\n\n\n\n<ul><li><strong>Voluntary\nProvident Fund (VPF): <\/strong>The VPF or Voluntary Provident Fund is an instrument\nwhere the employee voluntarily contributes towards his\/her provident fund\naccount. It is another tax-free tool. <\/li><\/ul>\n\n\n\n<ul><li><strong>Unit\nLinked Insurance Plans (ULIPs): <\/strong>Unit Linked Insurance Plans (ULIPs) serves\nas an integrated instrument that provides both insurance and investment to the\ninvestors, along with dual tax benefits.&nbsp;\n<\/li><\/ul>\n\n\n\n<ul><li><strong>Sukanya\nSamriddhi Account: <\/strong>The SSA or Sukanya Samriddhi Account is designed for the\ngirl-child, and encourages parents to save funds for the education of their\ndaughters. This investment option also provides tax-free benefits. <\/li><\/ul>\n\n\n\n<p>If you are investing in any of these five <a href=\"https:\/\/www.bajajallianzlife.com\/know-tax-saving-options.html?utm_source=off-site&amp;utm_medium=paid-syndication&amp;utm_campaign=blogger-syndication\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\"><strong>tax saving options<\/strong><\/a>, then you are also eligible for tax deduction at the time of making the investment. Public Provident Fund, Employees Provident Fund, Voluntary Provident Fund and Sukanya Samriddhi Yojana are options that are highly preferred by individuals belonging to the middle-income groups and the salaried working class. This is because these plans have higher rate of returns as compared to traditional fixed deposits and other tax savings schemes offered by banks, post offices, and the likes.<\/p>\n\n\n\n<p>EPF and VPF have a fixed, government-prescribed rate of 8.65\npercent, whereas PPF has an interest of 8 percent. Other benefits that come\nwith these three investment options are: facility for premature withdrawal,\nloan against the deposited amount, etc. Sukanya Samriddhi Account is created\nfor the girl child and offers an interest of 8.5 percent. It offers tax-free\nbenefits after completing the maturity period. These options are ideal for\nworking class salaried individuals who want to build their wealth in the long-term\nbut don\u2019t want to be exposed to market risks.<\/p>\n\n\n\n<p>On the other hand, <a href=\"https:\/\/www.bajajallianzlife.com\/ulip-plans.html?utm_source=off-site&amp;utm_medium=paid-syndication&amp;utm_campaign=blogger-syndication\" target=\"_blank\" rel=\"noopener\"><strong>ULIP<\/strong><\/a> as a tax saving option\npurports to serve dual financial needs of the consumer \u2013 investment\nopportunities in different types of fund options as well as life insurance cover\nfor their loved ones. It is a beneficial option for individuals that are\ninterested in taking advantage of the equity markets, are committed to\nfulfilling long-term life goals and want to receive tax benefits &#8211; all from the\nsame plan. It is one of the best investment options out there.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When looking for an ideal investment plan, we all look for certain benefits. To maximize the benefits and tax savings, one needs to narrow down and shortlist multiple tax saving investments. These options offer tax breaks and deductions in adherence to the governmental guidelines. If you are an investor, you might have more preference towards&hellip;<\/p>\n <a href=\"https:\/\/www.newsilike.in\/5-investment-options-dual-tax-benefits\/\" title=\"5 Investment Options with Dual Tax Benefits\" class=\"entry-more-link\"><span>Read More<\/span> <span class=\"screen-reader-text\">5 Investment Options with Dual Tax Benefits<\/span><\/a>","protected":false},"author":2,"featured_media":40429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"Layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"5 Investment Options with Dual Tax Benefits. #Finance","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4634],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.newsilike.in\/wp-content\/uploads\/Tax-Saving-Investment.png","_links":{"self":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/42529"}],"collection":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/comments?post=42529"}],"version-history":[{"count":0,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/42529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media\/40429"}],"wp:attachment":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media?parent=42529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/categories?post=42529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/tags?post=42529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}