Tax saving investment plans for young unmarried tax payers and couples with single income!

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Hello Community Members,

For individuals who are in their late 20s or early 30s, unmarried or married with only one person contributing towards household expenses, the most-apt tax saving options are:

  1. Equity Linked Savings Schemes (ELSS)

  2. Set aside at least 20% of your annual income for Market-linked investment options with EEE benefits

  3. Unit Linked Insurance Plans (ULIPs)

  4. Public Provident Fund (PPF)

  5. Term insurance cover with a sum assured that is equal to 15 to 20 times of your annual income.

Community Manager.

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