The Source

1.  Public provident fund (PPF) . A public provident fund is an tax savings investment in india introduced by national saving institute of ministry of finance. Any Indian citizen can open PPF account  The amount you invest upto 1,50,000 is deductible from your taxable income. The interest you earn is non taxable and the maturity amount you get after 15 years is also tax exempt. 2.  National pension scheme (NPS) NPS is a government sponsored pension scheme. Any Indian citizen can invest in National pension scheme .You can make an annual contribution till you turn 60 years of age and minimum requirement is 18 years of age .If you invest in national pension scheme (NPS) then you van avail a deduction of 1.5 lakhs under section 80c and also an addition deduction benefit of 50,000 under section 80CCD. 3.  Equity linked saving scheme (ELSS). An equity linked saving scheme (ELSS) is a type of diversified equity scheme which is close ended with a lock in period of three year...