Tax benefits play a critical role in retirement planning by reducing the taxpayer’s taxable income, thereby enhancing the overall return on investment.
Some leading tax saving investment options are:
- National Pension System (NPS)
- Public Provident Fund (PPF)
- Employee Provident Fund (EPF)
- Equity-Linked Savings Scheme (ELSS)
- Tax-saving Fixed Deposits
- Life Insurance Premiums