ITR Filing 2025: These days the season of filing income tax returns is going on. In such a situation, if you want to save tax, then there are some government schemes where you can invest. This will save you money. Along with this, you will also get huge returns.
ITR Filing 2025: If you want to reduce your income tax liability, then 5 government schemes can be the best option for you. By investing in these schemes, not only can you save tax, but you can also make your savings safe and profitable. Under section 80C of the Income Tax Act, you can claim a deduction of up to Rs 1.5 lakh, but this facility is available only in the old tax regime. In such a situation, if you choose the old tax system, then you can invest in 5 government savings schemes, which will give you tax exemption as well as excellent returns.
1 – PPF
Public Provident Fund (PPF) is a small savings scheme. It provides tax benefit of up to Rs 1.5 lakh under section 80C of the Income Tax Act. You can invest up to Rs 1.5 lakh in PPF in 1 year. At the same time, you have to invest a minimum of Rs 500. In this, you have to invest for 15 years. On which the investor gets an interest of 7.1 percent.
2 – Invest in NPS
The National Pension System (NPS) is a government retirement saving scheme. You can also get tax exemption on investment in this under section 80C of the Income Tax Act. You can also invest Rs 1.5 lakh annually and an additional Rs 50,000 under section 80CCD (1B). By investing in NPS, you can avail a total exemption of Rs 2 lakh in income tax. The government is also promoting NPS. You can start investing from Rs 1000 per month. Any Indian citizen whose age is between 18 to 65 years can open an account in this scheme. You can open an NPS account in any bank.
3 – Investment in Sukanya Samriddhi Yojana
Under the Beti Bachao, Beti Padhao scheme, the Government of India has launched Sukanya Samriddhi Yojana. In this scheme, you can invest for the education and marriage of your daughter. In this, you have to invest a minimum of Rs 250 and a maximum of Rs 1.5 lakh every year. If the investment is not made, the account will be frozen. This scheme gives 8 percent interest. The government also gives tax benefits along with guaranteed returns. In this scheme, you can save tax up to Rs 1.5 lakh under section 80 C of the Income Tax Act.
4 – Senior Citizen Saving Scheme
Senior Citizen Saving Scheme (SCSS), this is also a very popular saving scheme. To invest in this scheme, you can open your account in a bank or post office. Through the investment made in it, you can get income tax exemption under 80C on the amount deposited in the account. You can invest a maximum of Rs 1.5 lakh annually in it. Like Sukanya Samriddhi Yojana, the government is giving 8.2 percent interest in this also.
5 – Unit Linked Insurance Plan
In ULIP, you get the benefit of investment along with life insurance. It comes with a lock-in period of five years. In this, tax exemption is available on the premium and the maturity amount is also tax-free. Similarly, Equity Linked Saving Scheme (ELSS) is a good tax saving option. In this, a rebate of up to Rs 1.5 lakh is available under Section 80C of the Income Tax Act. You can start investing in it with a minimum of Rs 500.
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