Planyourworld
Sahi Kharido

Comparison Of All Tax
Saving Schemes
In India

Instrument Risk Type Return Tax
Application 		Post Tax
Return 		Minimum
Lock
in Period 		Maturity value of 1.5 lac invested Planyourworld Comments
Maturity in 5 yrs Maturity in 10 yrs Maturity in 15 yrs
Puplic Provident Fund Secured 7.80% Tax Free 7.80% 15 Rs. 218,366 Rs. 317,891 Rs. 462,877 Equals inflation
Provident Fund Secured 8.65% Tax Free 8.65% 5 Rs. 227,111 Rs. 343,865 Rs. 520,639 Equals inflation
Life Insurance
Endowment Plans 		Bonus varies less
than inflation 		5% Tax Free 5% 5 Rs. 191,442 Rs. 244,334 Rs. 311,839 Avoid
Unit Linked
Insurance Plans 		Market linked,
High costs 		*10% Tax Free 10% 5 Rs. 241,577 Rs. 389,061 Rs. 626,587 Avoid
Term Plans No Maturity Value NA NA 5 NA NA NA Best form of Insurance,
gives protection
to your family
Pension Plans Bonus varies,
less than
inflation 		5% Taxable 5.00% 5 Rs. 191,442 Rs. 244,334 Rs. 311,839 Avoid
Unit Linked
Pension Plans 		Market linked,
High costs 		*10% Tax Free 10% 5 Rs. 241,577 Rs. 389,061 Rs. 626,587 Avoid
Tax Saving
Fixed Deposits 		Secured 6.25% Taxable 4.38% 5 Rs. 185,856 Rs. 230,284 Rs. 285,332 Avoid
Tax Saving Mutual Fund (Regular Plan - through intermediary) Market linked *16.9% Tax Free *16.9% 3 Rs. 327,464 Rs. 714,885 Rs. 1,560,662 Gives returns more
than inflation in
long term
Tax Saving Mutual Fund (Direct Plan-No Broker, No Agent, No Bank)) Market linked 18.40% Tax Free 18.40% 3 Rs. 349,020 Rs. 812,098 Rs. 1,889,587 Gives returns more
than inflation in
long term invest now(Recommended)
Open Mutual Fund Account
Minimum Value of Rs.1.5 lac today with inflation of 7% Rs. 210,383 Rs. 295,073 Rs. 413,855
(*) market linked

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