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In today’s world, where a single source of income is not sufficient to fulfill big dreams, there is an ardent need to invest money in profitable ventures. However, with profit does come the fear to pay the tax. So, why not look for those Investment schemes in India that offer great returns with tax exemptions? At present, in India, we have several investment schemes, but investing in tax-free schemes is like icing on the cake. The Government of India understands the dilemma of a common man, who hesitates to pay the tax due to limited income, so it has introduced several investment schemes in India with tax-free returns.
Here we are eager to help you invest your hard-earned money in the best investment schemes in India. All these offer you the much-desired tax-exempt benefits and much more, so read on!
Before throwing light on the best government schemes to invest money in India, we want you to know the reasons to invest your idle money. Small investments done at the right time may reap big returns to meet your financial needs. Although there are many options to invest money, to get an edge over the other schemes, one must look for government schemes with tax-exempt benefits. None of us wants to pay the tax, and whatever tax we pay, there is always a lookout for a way to get a tax exemption benefit as per the Income Tax Act, 1961. Investing in government schemes is a safe and secure method to invest money for tax-free returns.
You just read about the importance of investing in investment schemes in India. It is now time to understand the benefits of investing in a tax-free investment. Tax-saving investments are well-structured plans that offer lucrative interests on your deposits without burdening you with tax burdens. They exempt you from paying tax either on the premium payment or on the maturity amount, and sometimes on both. As per Section 80 C of the Income Tax Act, 1961, several investment schemes in India offer tax deductions for investments up to Rs. 1,50,000 deposit per annum.
Here are the top investment schemes in India that offer tax exemption benefits in India:
Also More: Importance of Investment
You just read about the best schemes for investments with tax-free returns.Options are galore when it comes to making secure investments in a government entity or scheme. Not only will such a scheme help you generate more wealth, but it will also save money that will otherwise go waste as a tax. Make a guided and well-informed decision to invest your hard-earned money after researching and comparing all these schemes, to avoid any kind of dissatisfaction later on.
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