Chose a new tax slab, yet this saving scheme is of great use, if you stop it, you will have to repent
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Public Provident Fund (PPF)With the Public Provident Fund scheme, you get to build a tax-free corpus with 7.1 per cent returns. They are not completely tax free in the new tax slab, but the interest and maturity amount are tax free. Not only this, with the help of this scheme, you can make a good tax free amount for retirement.
Unit Linked Insurance Plan: There is no exemption under section 80C in the new tax slab. But saving is not done just to save tax but to secure the future. Unique linked insurance plan is an example of this. If the fund is doing well then it is the right decision to continue with it.
Term and Life Insurance: It is beneficial to continue with term and life insurance. This is necessary to provide financial security for your family as well as to cover healthcare expenses. Tax saving is not happening, so discontinuing term and life insurance would be a wrong decision.
Senior Citizen Savings Scheme: Interest rates in Senior Citizen Savings Scheme for senior citizens are higher than bank FDs. You are getting more than 8.2 percent interest on this. Despite being taxable, this scheme is quite attractive. Investment in this should continue.
Sukanya Savings Scheme: 8 percent interest is being received on the Sukanya Samriddhi Yojana, a government savings scheme being run for daughters. You should continue with this saving scheme. Similarly if you have invested in NSC and tax saving FD then it is better to continue with it.
NPS Saving Scheme: Even if you are not getting any tax exemption on NPS in the new tax slab, but still you should continue with this scheme. You get tax benefits under 80CCD(2) on NPS. If you have already selected it then you should continue with it.
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