Save income tax just by certain simple investments

Tax-saving is an important part of financial planning. An intelligent tax-planning strategy can serve the dual objective of helping individuals meet their financial goals and save tax in the process.

Here is a list of some of the best tax saving investment options and plans for 2022 that can help individuals maximize tax benefits:

Sr No.Tax Saving Investment OptionsTax Benefit Under Section
1

Life Insurance, PPF

Section 80C (Premium) Section 10(D) (Death / Maturity)
2

Pension Plans

Section 80CCC(sub-section under Section 80C)
3

Health insurance or Mediclaim

Section 80D
4

NPS

Section 80CCD
5

Tax-saving mutual funds

Section 80C Section 10(D) (Death/Maturity)

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