If you want to save income tax, then invest in these 5 schemes, you will get many benefits with returns

Tax Saving Schemes: If you do a job and a part of your salary is deposited as tax. As the salary increases, the tax also increases, so by investing in various schemes, you can take advantage of income tax exemption with better returns. If you want to save income tax, then you can easily save income tax by investing in these 5 schemes and you will not have to pay much tax.

Public Provident Fund

Public Provident Fund (PPF) is a great tax saving scheme to save income tax, by investing in which you can get better returns and you get a return of 7.1% under this scheme. If you invest up to Rs 1.50 lakh annually in this scheme, you will be given the benefit of tax exemption under section 80C of Income Tax.

EPF account

If you invest under Employees' Provident Fund (EPF) in your EPF account, then you get an interest rate of up to 8.1% by doing so. In this scheme, a tax exemption of Rs 1.5 lakh is also available under section 80C of Income Tax. With this you can easily save your tax.

Tax Saver FD Scheme

Investors get a rebate of Rs 1.5 lakh under section 80C of income tax on investing in the tax saver FD scheme of banks. Before investing in a tax saver FD, keep in mind that the lock-in period of this scheme is only 5 years.

National Pension Scheme (NPS)

By investing in the National Pension Scheme (NPS) scheme, you get exemption under section 80CCE of Income Tax. By investing in this, you get the benefit of retirement fund along with income tax exemption. Due to which many of your problems can end.

ELSS Mutual Fund

By investing in ELSS mutual funds, you also get the benefit of tax exemption along with great returns. This benefit is available under section 80C of Income Tax on investment of Rs 1.5 lakh. The lock-in period for this scheme is only 3 years.