Yes, Angel One offers a variety of tax-saving investment options to help you reduce your tax liability while building wealth. These include Public Provident Fund (PPF), Equity Linked Savings Scheme (ELSS), National Pension Scheme (NPS), and more. Each option has its own benefits and features, allowing you to choose the one that best fits your financial goals and risk tolerance.

What Are Tax-Saving Investment Options?

Tax-saving investment options are financial instruments that allow you to invest money and claim deductions under the Income Tax Act, thereby reducing your taxable income. These investments not only help in tax planning but also assist in building a secure financial future.

Which Tax-Saving Investment Options Does Angel One Offer?

Angel One provides access to several tax-saving investment options, including:

• Public Provident Fund (PPF): A long-term, low-risk investment with tax-free returns. Contributions up to ₹1.5 lakh per year qualify for deductions under Section 80C.
• Equity Linked Savings Scheme (ELSS): A type of mutual fund with a 3-year lock-in period, offering potential for higher returns and tax deductions under Section 80C.
• National Pension Scheme (NPS): A government-backed scheme for retirement planning, with additional tax benefits beyond Section 80C.
• Tax-Saving Fixed Deposits: Fixed deposits with a 5-year lock-in period, eligible for tax deductions under Section 80C.
• Senior Citizens Savings Scheme (SCSS): A government-backed savings scheme for senior citizens with attractive interest rates and tax benefits.

How Can These Investments Help You Save Taxes?

By investing in these tax-saving instruments, you can reduce your taxable income, thereby lowering your tax liability. For example, contributions to PPF, ELSS, and NPS are eligible for deductions under Section 80C and Section 80CCD of the Income Tax Act. Additionally, the returns from these investments may be tax-free or subject to favorable tax treatment, depending on the specific instrument.

What Are the Benefits of Investing Through Angel One?

Investing through Angel One offers several advantages:

• Easy Access: Open a free Demat account and start investing in tax-saving instruments online.
• Comprehensive Tools: Utilize research tools and calculators to make informed investment decisions.
• Expert Guidance: Access to expert advice and resources to help you plan your tax-saving investments effectively.