Here you know about the tax saving options below that you can meet long and short term financial goals. Around the world, nothing to do except death and taxes, every year government opens up new options for tax savings based on encouraging the tax payers using those monies better. And moreover, most of the time the taxpayers tends to put off saving plans at the last minute and someone has missed out the right investment chances. With the little bit of planning you can get the twin benefits of sound investment combined with the tax benefits.
EPF and PPF are the best investments the main reason behind this the interest earned using those models is tax free. Those policies are also called as risk free because both are guaranteed by the government of India and there is no risk of default and virtually. The one and only drawback is those policies are long term in nature. In that way the long term policies are good because it imposes good financial discipline. Another type of NSC, KVP and post office savings are there, but the interest earned is taxable one. In that the benefit is short term maturity policies. For that you can get it individual plans under this lock period.