Tax Saving Instrument
Tax Savings Instruments
These are specialized financial investment instruments that serve two primary purposes –
firstly, they help save tax and secondly, they help to grow your money. Additionally, they
ensure that your money is secure for a fixed length of time – this could vary from 3 to 15
years, depending on the instrument. The Indian Income Tax has provisions to invest in certain
financial instruments that are specifically designed for tax savings with adequate provisions.
There are numerous tax savings instruments (investment and debt) available to choose from
as per your capacity and need. Some of these are fixed deposits, insurance, public provident
funds (PPF), Kisan Vikas Patra (KVP), mutual funds, postal savings investment schemes, home
loans, to name a few. These can be availed of in various permutations and combinations as
per your financial goals. Feel free to get in touch with us and we will be more than happy to
help you with the right mix of tax savings instruments for your financial goals.