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

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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