Three Tax Saving Avenues For Risk Takers

For individual taxpayers in India who are willing to embrace risk and prefer market-linked returns, there are several lucrative investment options available under the Old Tax Regime. These avenues not only provide the potential for higher returns but also offer significant tax-saving benefits. Notable among these are Equity-Linked Savings Schemes (ELSS), which invest primarily in the stock market and allow taxpayers to claim deductions under Section 80C of the Income Tax Act. Additionally, National Pension System (NPS) is another attractive option, where contributions can lead to considerable tax benefits, while also securing retirement savings. Lastly, Public Provident Fund (PPF), though less risky, can still appeal to those looking for a safe long-term investment with tax advantages. Each of these options comes with its own risk profile and potential returns, making them suitable for individuals who are comfortable navigating the fluctuations of the financial markets in pursuit of tax efficiency and wealth accumulation.