Friends,
The Financial Year 2015-16 (Assessment Year 2016-17) has with less than three months to go , investors are in a rush to save tax, and submit tax declarations to their accounts departments. Wealth managers say there is a general aversion to equity-linked tax-saving products among investors in the last-minute rush to invest because of the turmoil in the stock market. They say those averse to risk could opt for safer instruments such as public provident fund (PPF). One can invest up to Rs 1,50,000 in a financial year and save tax under Section 80C of the Income Tax Act. These and other options are illustrated below:
AVAILABLE TAX-SAVING OPTIONS
