Please forward tax free investment options in india error screen to bh-in-20. Section 80C of the Income Tax Act allows individuals to invest an amount up to Rs 1,50,000 per annum from their taxable income.

Income tax and tax-saving become imperative as the financial year comes to an end in March. The end of march brings with it several young investors struggling to put their money in the right plans to save their taxes. Reliance Tax Saver was ranked the third best ELSS scheme by Crisil in December 2016. Launched on September 21, 2005, Reliance Tax Saver has a maximum rate of return of 30. The scheme has maximum returns in the one year, three year and five-year plans.

Reliance Tax Saver has a varied rate of return from 5. The Axis Long Term Equity Funds was launched on December 29, 2009. The attractive long term plan is ranked four by Crisil in December 2016. The funds have a minmum investment of Rs 500. The scheme is available with a three-year lock-in period.