ELSS (Equity Linked Saving Scheme)

Tax Benefit: Up to ₹1.5 Lakhs under Section 80C

Lock-in: 3 Years

Returns: 12% – 18% (Market Linked)

Invest in ELSS

Public Provident Fund (PPF)

Tax Benefit: Section 80C (EEE Tax Status)

Lock-in: 15 Years

Interest Rate: ~7.1% (Government-backed)

Open PPF Account

National Pension Scheme (NPS)

Tax Benefit: Up to ₹2 Lakhs (80C + 80CCD(1B))

Returns: 9% – 12%

Retirement Planning: Yes

Invest in NPS

Life Insurance Premium

Tax Benefit: Up to ₹1.5 Lakhs under Section 80C

Policy Type: Term/Life/ULIP

Maturity Tax-Free: Under Section 10(10D)

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