If you are a senior citizen and want to save tax along with safe investment and better returns, then you should make an ideal investment strategy. With this you will not only get high returns but you can also save tax. Here we are giving you information about some tax saving schemes… 1. Post Office Senior Citizens Savings Scheme Account: 2. Tax Saving Fixed Deposit: This scheme is for a lock-in period of 5 years. The interest received in this is completely taxable. However, tax is levied only on interest income of more than Rs 1.5 lakh in any one financial year. Although, this scheme is for everyone, but it is a better option for senior citizens falling in the high-income bracket. 3. Public Provident Fund (PPF): 4. Equity Linked Savings Scheme (ELSS): Click here for complete information about the scheme… 5. Tax Free Bonds: Main types of tax free bonds
