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How do I best use up and declare Rs 1.5 lakh investments for the?

Here are a few investment options that are good generally for 80C deduction:-1. LIC - A life insurance is a good investment not for its returns but rather to secure your family's future. If you already have a life insurance, you may claim the annual premium as a deduction under this section.2. PPF - PPF is an excellent avenue to invest in to receive a tax benefit. You can invest a maximum of 1,50,000 a year. PPF provides tax free returns of 8.7% however it must be noted that the investment is locked in for 15 years.3. Tax Saving FD - 5 year fd's are a good investment, the amount invested will be available as deduction only in the year the investment is made. However the income you earn is taxable every year.4. ELSS - Also known as equity linked saving scheme is a mutual fund investment which invests 65% of funds in Equity Markets. This element ads additional risk, however Mutual Funds investments usually earn exceptional returns (12%-20%) when invested in for a Long time. ELSS have a lock in period of 3 years and are a good avenue to invest in. You could also invest in them using a SIP system, i.e. Systematic Investment Plan, whereby you can deposit a small amount monthly or quarterly rather than invest annually. These are some options that are good from both a return as well as tax point of view, you may invest depending on your risk appetite accordingly. I hope this is helpful, if you wish more information please do message me

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