| Refer the table for different Tax-saving investment options available |  | Sub Category |  | | | Terms of Investments | | | | Tax Exemption Details | | | | | Min Term | Min-Max Investment | Section | Max Tax Rebate | Exemptions From proceeds | Limitations | | Life Insurance | | Term Insurance Plan | 5 Years | No upper Limit | *80CCC | Rs. 100000 | NA |  |
| | Endowment Plan | 5 Years | No upper Limit | *80CCC | Rs. 100000 | # # Exempted | |
| | ULIP | 5 Years | 15000-200000 | *80CCC | Rs. 100000 | # Exempted | |
| | Pension Plan | 5 Years | No upper Limit | *80CCC | Rs. 100000 | # Not Exempted | |
| | Retirement Plan | 5 Years | No upper Limit | *80CCC | Rs. 100000 | # Not Exempted | | | Health Insurance | | Age <65 | 1 Years | | **80 D | Rs. 15000 | | |
| | Age >65 | 1 Years | | **80 D | Rs. 20000 | | | | Others | | PPF | 5 Years | 500-70000 | *80 C | Rs. 70000 | # Exempted | |
| | ELSS - Mutual Funds (annual) | 15 Years | 5000-Unlimited | *80 C | Rs. 100000 | Not Exempted | |
| | National Saving Certificate | 6 Years | 100-Unlimited | *80 C | Rs. 100000 | Not Exempted | |
| | Senior Citizen Saving Scheme | 6 Years | 1000-1500000 | *80 C | Rs. 100000 | Not Exempted | |
| | Post Office Time Deposit Account | 1, 2, 3, 4, 5, Years | 200-Unlimited | *80 C | Rs. 100000 | Not Exempted | |
| | Fixed Deposit - 5 Yrs | More Than 5 Years | 100-Unlimited | *80 C | Rs. 100000 | Not Exempted | |
| | * | The aggregate amount of deduction under all the relevant sections viz. section 80C, section 80CCC and section 80CCD shall not, exceed Rs 1 Lakh | | ** | Tax exemption under sec 80D is over and above amount under section 80 C | | *** | However in cases the premium paid in excess of 20% of the capital sum assured within a year, benefits paid excess of premiums will be taxable and insurance sum assured will be taxable | | ## | Under Section 10(10D) of the Income Tax Act, any sum received, other than the sum received under Keyman Insurance Policy, including bonus is exempt from tax. | | ### | The TDS limit is Rs 10,000 in case of interest payment on fixed deposits by a bank | | # | Amounts received on surrender (whole/part) of annuity plan, amounts received as Pension is taxed as income. | | Disclaimer - "Above is a broad understanding of the Income Tax Provisions and therefore is not specific advise in regard to your Personal tax and investment matters. Kindly contact your tax consultant for exact calculation of your tax liabilities". |
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