India’s No. 1 Tax Filing & Tax Saving website
Explore ClearTax recommended tax saving mutual fund plans to get high returns and save on taxes
Benefits with ClearTax Invest
3-click easy investment process
Expert-curated mutual funds
Invest in SIP as low as Rs 2000
Single dashboard to track all your investments
100% safe and secure
24×7 call support
Recommended Tax Saver Plan
Lowest Lock-In Period of 3 Years
Suggested investing for 5 years or more
Suggested investing for 5 years or more
BENEFITS
- Invest any amount
- Reduce Tax upto 46,800
- Lowest lock-in period of 3 years
- Earn more than PPF, Tax FD
FUNDS IN THIS BASKET
Start your investment with ₹500 in our top tax saving funds
Choose from our expert hand-picked top tax-saving funds in the country, based on past returns
Tax saving options under 80C
Tax Saving Fixed deposits
PPF – Public Provident Fund
EPF – Employee provident fund
ELSS – Equity Linked Savings Scheme
NSC – National Savings Certificate
ULIP – Unit linked Insurance Plans
Other Tax saving options
HRA
Deductions on rent. Note: Staying with parents? You can still claim HRA
Tax Benefit:
50% of the basic salary (metro)
40% of the basic salary (Non metro)Medical Insurance
Health insurance premiums are tax deductible
Tax Benefit:
₹ 25,000 for self
₹ 50,000 for parents (60+ years)Education Loan
You can avail a tax deduction on the interest paid on education loan
Tax Benefit:Total interest of the EMI paid during the financial year
House Loan
Tax deduction on housing loan
Tax Benefit:
Upto ₹2 lakhs can be claimed on the interest portion
Upto ₹1.5 lakhs can be claimed under 80C on the principal
Tools you can use to plan your taxes
Tax CalculatorCalculate the tax amount you have to pay
HRA calculatorFind out what portion of HRA is exempt from tax
Tax refund StatusCheck your tax refund status online
SIP CalculatorCalculate returns from SIP investment
Loan EMI CalculatorCalculate monthly EMI for Home / Car / Personal Loan
Generate form 12BBGet investment declaration for TDS deduction
Rent Receipt GeneratorGenerate home rent receipts that you can submit to HR
Mutual Fund CalculatorCalculate expected returns from mutual funds investment
Documents required during proof submission
Proof Submission has to be made for the following tax-saving investments and expenses
- House rent receipts along with name, address and PAN of the landlord, if rent exceeds ₹1Lakh per annum
- Leave travel receipts applicable only if you have taken a trip in India with your family
- Home loan interest certificate with lender’s name, address, and PAN
- Premium paid receipts for life insurance and/or investments made in ELSS funds, PPF, NPS and/or school tuition fees for children, etc. Click here to know all deductions you can claim.
- Medical premium receipt – for self and family it is 25,000 and parents (senior citizens) is 50,000
Know more about tax saving investments
Frequently
asked questions
- Tax saving mutual funds benefits
- How much should I invest to save on taxes
- What are the different tax saving options
- Do ELSS funds have an additional tax benefit
- Lock-in period for ELSS funds
Investments in tax-saving mutual funds, also known as Equity Linked Savings Schemes (ELSS),
can get you a tax break of up to ₹1.5 lakh under Section 80C of the Income Tax Act.
You can invest up to ₹ 1.5 Lakh under section 80C. When you invest money in Tax Saving
funds during the year, the amount of tax you have to pay in the year is decreased. Also,
you keep earning returns in the amount invested.
You have many options like PPF, Insurance, Tax Saving FDs, Tax Saving Mutual funds (also
called ELSS) etc.
Tax-saving mutual funds come with the dual benefit of tax saving and wealth creation. They
help you not only save taxes but build wealth over the long-term as well, because these
mutual funds invest primarily in equities and earn higher returns than traditional
tax-saving investments like PPF, FDs and NSC
Not only ELSS funds, but all tax-saving investments come with a lock-in period. But
tax-saving
mutual funds have the lowest lock-in period of only 3 years. In comparison, PPF has a
lock-in of 15
years, while NPS and EPF require you to be invested till you retire.