Tax Saving Schemes in India 2021 | 80C Investment Options Comparison | Tax Saving Investment India  

In this episode, 7 tax savings schemes in India have been compared. All these tax saving investment options provide tax benefit under section 80C of Income tax.   Following questions are answered in this video: 

1) PPF vs LIC which is better

 2) FD vs NSC vs PPF 

3) ELSS vs PPF

 4) NSC vs FD for 5 years

 5) LIC vs Sukanya Samriddhi Yojana

 6) PPF vs Mutual Fund

 7) PPF vs Sukanya Samriddhi Yojana

 8) LIC vs Term Insurance which is better 

 9) ULIP vs ELSS 10) ULIP vs Term Insurance

 11) ULIP vs LIC  

I’ve compared the schemes on following aspects:

  1) Return – How much return can you expect from the scheme?

  2) Lock in period – How many years do you need to keep your money into that scheme?

  3) Risk – Is the risk low or high in that scheme?

  4) Taxation of returns – This is an important point. All these schemes give same tax deduction benefit under section 80C. But not all schemes have the benefit of their returns not being taxed. 

  5) My recommendation – Finally, considering all the factors, whether I recommend you to invest in that scheme or not?  

Schemes compared:  

1) 5 year Fixed Deposit 

2) National Savings Certificate or NSC 

3) LIC Endowment Plans and LIC Moneyback Plans

 4) Sukankya Samriddhi Yojana

 5) Unit Linked Insurance Plan or ULIP

 6) Public Provident Fund or PPF

 7) Equity Linked Savings Scheme or ELSS

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