Among the tax saving investment options, ELSS and PPF/EPF are unique in the sense that returns from are absolutely tax free.
1) Interest earned from PPF is not taxed during accrual or pay out.
2) Dividend from ELSS is tax free.
3) ELSS has a lock-in period of three years. So,Profit on sale of units held after 3 years is a long term capital gain. It is subject to Nil tax as per current IT act.
ELSS and PPF are the way to go...

ELSS- equity linked saving scheme of Mutual Funds
PPF- Public provident fund
RPF- Contribution to Employee Provident Fund
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'Which is the best tax saving investment option?',ta saving tips, how to save tax, what are the instruments that you can invest to save tax,best option to invest


Anonymous said...

I wanted to open a PPF account with either Post office or with SBI, can you please let me know which is safest place the Post office or the SBI, to open this a/c?

Thank you.

Ideasmoney said...

Both should be equally safe.

Anonymous said...


Which one (Post Office or SBI) allows to oprated ppf a/c across the india ?
e.g. if i have ppf account in orissa, then can i operate the same ppf account from kerala ?

thank you.

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