The avoidance of taxes is the only intellectual pursuit that carries any reward.
— John Maynard Keynes
Quite often, we rush to make the least thought-through tax saving investment (the easiest like insurance plan & PPF being the most popular) with a short-term view to save on taxes.
Have you ever wondered if the same investment could also help you build wealth and take you closer to your financial goals? Probably not.
Here’s a cheat-sheet to help you choose the best tax-saving option to utilize your section 80C’s INR 1.5 Lakh tax-deductible limit.
Hint: Look for the lowest lock-in & highest potential return.