PPF Public Provident Fund and Mutual Funds Comparision
Section 80C offers you a host of popular tax saving options including life insurance policies, PF, PPF, NSC, infrastructure bonds and ELSS or Equity Linked Savings Schemes. You can also offset long-term commitments such as a home loan or education fees against your tax rebate.
Here’s a broad overview of some popular tax savers:
Public Provident Fund
National Savings Certificate
Employee Provident Fund
Tax Fixed Deposit
* ‘Fixed rate’ interest earning options such as PPF(Public Providend Fund) and NSC (National Savings Certificate) are considered ’safe’, since they are backed by the government or by established financial institutions and can earn anywhere between 5-8%. Perhaps, not quite so safe in the face of inflation!