As the financial year comes to a close, taxpayers are supposed to submit proof of their investments, failing which employer is entitled to deduct a higher TDS in the last months of financial year.
ET Wealth annual ranking of tax-saving instruments helps such individuals make the right choices. We assessed 10 tax-saving options on eight key parameters—returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability of income. Each parameter has equal weightage and the composite scores determine the place in the ranking.
Section 80C provides taxpayers investment avenues to claim deductions of up to Rs 1.5 lakh per financial year. So, don’t be swayed by tax benefits alone and pick options that suit your investment horizon and risk appetite.
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