Tax saving schemes?

Question

I need details abt tax saving schemes which will give me high return ,low risk and for short term..

Answer 1

I think one of the best tax saving schemes that you can avail of is the National Savings Certificates which have a relatively short term of 6 years and no risk at all. The VIII issue of the NSC bears a high return of Rs.160.10 with your initial saving of Rs.100 after 6 years. Your deposits qualify for deduction under Sec.80-C of IT act. You can also avail SBI Infrastructural bonds, but as we know these bonds' prices very much fluctuate. Now there are some fixed deposits with the SBI that covers tax relief. You can contact your nearest SBI branch.

Answer 2

no short term tax saving scheme.. best in low risk is NSS?NSC

Answer 3

try the expers in the business-financial legal section of www.baajaa.com

the website is free

Answer 4

You can now make all your tax saving investments in a hassle free and paperless manner through ICICIdirect. You can now choose from an array of instruments to suit your risk profile and investment horizon.  

The latest Budget proposals have given the small investors greater flexibility to plan his investments. You can now choose to invest in instruments like equity linked saving schemes (ELSS), National Saving Certificates (NSC) and pension plans online through ICICIdirect.  

Read on…to know how the new tax proposals can potentially give higher tax-free income and greater choice.

Answer 5

A. Purchase a bond for 6-11 months

B. Invest on Equity Shares of any Nationalized Bank