With a View to encourage investment, Income Tax provides several options to an individual to save taxes through investment. With growing times Taxpayer is available with various schemes and plans for investments. Each investment is unique in its own ways, some investments have higher returns while some have benefit of taxation on maturity. With proper tax planning and investments one can achieve a reduced tax liability as well as good return on investment. Following are the most popular investments for tax saving along with their approximate returns and further tax implications -
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