The lockdown was implemented from 25 March to prevent the infection of the epidemic corona in India. After which the Government of India extended the last date for filing income tax returns till June 30. This step brought great relief to the taxpayers. Now only 11 days are left in this last date. Now if you want tax exemption, then you will have this last chance to invest somewhere. Today we are going to tell you about some online tax saving investment options, through which income tax exemption can be obtained under Section 80C of Income Tax Act.
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Income tax exemption can also be obtained by investing in PPF. All the major banks like State Bank of India, HDFC Bank, ICICI Bank provide the facility of opening PPF account online to their customers. Investors can transfer money from their bank account to the PPF account only through online process. Investors can generate a PPF account statement and submit it as investment proof for tax saving. Investors can invest in a PPF account from Rs 500 to Rs 1.5 lakh in a year.
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If you are thinking of saving tax at this last time, then you can also invest in FD. It comes with a lock-in period of five years. This FD is currently offering returns from 5.50 to 6%. Interest income received from this FD is taxable. NPS Tier-1 account can also be opened online for tax saving. Customers can open an NPS account through the online banking facility of their bank. During the registration process, your KYC verification will be completed by the bank. After opening the account, investors can invest through internet banking, credit card or debit card.