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How to save income tax and earn high returns? Problem solved! Invest in these schemes - From PPF to NPS,
January, 23rd 2019

There are several investment options that give very high annual returns but investors remain keen on the risk involved. Therefore they prefer opting for government-backed schemes that are high or stable on earnings with zero or low risk of principal amount invested.

Best investments schemes to save income tax: People want to make quick money, but money takes time to grow. There are several investment options that give very high annual returns but investors remain keen on the risk involved. Therefore they prefer opting for government-backed schemes that are high or stable on earnings with zero or low risk of principal amount invested.


Financial planner, Poonam Rungta believes that PPF is currently one of the best saving schemes for investors. "PPF gives almost 8 per cent compounding returns annually, which is better than many Fixed deposit schemes," she added.

Here are top 3 investment schemes backed by the government:-

1. Public Provident Fund (PPF):

PPF is currently one of the most popular investment options in the country. As it is backed by the government, it is a safe option to put money into. PPF has a long term tenure of 15 years. The compounding interest and income tax exemption of Rs 1.5 lakh in PPF, makes it one of the best choices at present. Currently, PPF has a return of 8 per cent per annum.

2. Senior Citizen's Saving Scheme (SCSS):

The best option for retirees, as only senior citizens, can invest in this scheme. SCSS can be started with any post office or a bank by anyone above 60 years of age. It comes with a five-year tenure, which can be extended by three years after maturity. Currently, SCSS offers a 8.3 per cent interest per annum, payable quarterly and is fully taxable.

3. National pension scheme (NPS):

NPS is a long tenure retirement-savvy investment option managed by the Pension Fund Regulatory and Development Authority (PFRDA). It is a component made up of equity, fixed deposits, corporate bonds, liquid funds and government funds, etc. However, NPS has given over 11 per cent average returns for 5 years, while 8-9 per cent for 1 to 3 years.

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