10 GOOD WAYS TO AND NOT SO GOOD WAYS TO SAVE TAX
The New Year 2022 has begun on a good note for investors. Equity markets are upbeat and small savings rates have not been changed. But taxpayers who are yet to complete their tax planning for the year are dogged by dilemmas. Equity Linked Saving Schemes (ELSS) have done well, but the market is looking jittery. National Pension Scheme (NPS) offers exclusive tax benefits, but the lock-in extends till retirement. Public Provident Fund is safe but its lock-in period is also quite long. Tax-saving fixed deposits and National Savings Certificates have shorter lock-in periods but post-tax returns are very low. Ulips offer tax-free
