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Can I make investments that help me save up on tax?

Yes, there are some tax saving schemes which can help you avail tax rebates under specific provisions of the Income Tax Act, 1961.

10 Dec 2008

Yes, there are some tax saving schemes which can help you avail tax rebates under specific provisions of the Income Tax Act, 1961. The Government of India offers tax incentives for investment in specific avenues such as Equity Linked Savings Schemes (ELSS) and pension schemes. These schemes are growth-oriented and investment is largely into equities. The growth opportunities and risks associated are similar to that of any other equity-oriented scheme.



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