Tax Saving Scheme: Tax saving is the last chance, by investing in these 5 schemes, there will be huge income with tax savings of lakhs!

Tax Saving Schemes: The month of March is going into its last phase. In such a situation, this is the last chance to get tax exemption in the financial year 2022-23.

Tax Saving Options: If you are planning to save tax for the financial year 2022-23 under the old tax regime, it is necessary to invest for tax planning by 31 March. Today we are giving you information about such a tax saving scheme in which you can get the benefit of tax exemption under sections 80C, 80CCC and 80CCD (1) of Income Tax.

Public Provident Fund (PPF) is a popular scheme run by the government, in which investment gets the benefit of tax exemption on investments up to Rs 1.5 lakh under Section 80C of Income Tax. In this, you will get the amount invested on maturity after 15 years at the rate of 7.1%.

You will also get the benefit of tax exemption on the amount deposited in EPF. This exemption will be available under Section 80C of Income Tax of Rs 1.5 lakh.

Investing in ELSS mutual funds will also get a deduction of Rs 1.5 lakh under section 80C of income tax. This is the only mutual fund which gives the benefit of tax exemption.

You can also get the benefit of tax exemption by investing in the bank's tax-saving FD. It has a lock-in period of 5 years.

Under the National Pension Scheme, the benefit of tax exemption can be availed on investments up to Rs 50,000. This exemption can be taken under section 80CCD (1) of Income Tax.