There are many tax-saving instruments available under section 80C of the Income Tax Act. In this post, we compare two popular tax-saving instruments; ELSS and PPF that can help you choose the best one for you.
Saving tax is an essential component of financial success. Based on individual circumstances, some tax-saving options may be more beneficial than others. Most investors choose to invest in tax-saving instruments to get tax benefits. While there are many tax-saving investment options, there are two that are widely popular. These are ELSS and PPF.
While both options help you save tax under section 80C of the Income Tax Act, they differ in many ways. Let’s understand the differences.