Tax-saving is a year-long business. This is because the returns matter as much as the tax saved through the investment. We at Blue Sky help you plan throughout the year how best you can save taxes so that you do not have to run helter-skelter during the final months of the Financial Year. We provide a variety of options in terms of Tax Saving instruments along with dedicated Tax-planning services so that you can save taxes efficiently. After all…it is your money!

Tax Saving Instruments

Equity Linked Savings Scheme (ELSS) is an equity mutual fund where you get an opportunity to create long term wealth as it invests in equity markets. The lock-in period is just 3 years — the lowest amongst other tax saving instruments.

Comparison of ELSS with other Tax-Saving Investments

Investment Lock-In Period Tax on Returns Historical Returns Dividends Systematic Investing
FD 5 Years Taxable 5.5% - 7% No dividends Not Available
Life Insurance 5 Years Exempted 5%-7% No dividends Not Available
ELSS 3 Years Exempted 14%-16% Tax free Available
NSC 5/10 Years Taxable 7.90% No dividends Not Available
PPF 15 Years Exempted 7.90% No dividends Available
Mutual Fund Investments are subject to Market Risks. Read all scheme related documents carefully. Past Performance is not an indicator of future returns.

Any Capital Gain or Dividend (if declared) is tax free at the hands of the investor. You can save as much as Rs.46,350 in taxes by investing up to Rs.1.5 Lakhs under Sec. 80C of the Income Tax Act, 1961. Our Recommended Funds based on In-house Research helps you to shortlist the best ELSS Fund.

Top Performing ELSS

The National Housing Bank (wholly owned subsidiary under the Reserve Bank of India) Suvriddhi scheme offers up to 7.60% Interest Rate on its deposits with a lock-in period of 5 years and tax savings under Sec.80C of the Income Tax Act, 1961. Investors can avail both Cumulative & Non-Cumulative options. Interest upto Rs.5,000 in a Financial Year is exempt from TDS.

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Health Insurance products of all companies offering tax benefit under Sec.80D of the Income Tax Act.

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Life Insurance products of all companies offering tax benefit under Sec. 80C of the Income Tax Act on the premium paid.

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Capital Gain Tax Exemption Bonds issued by Public Sector (GOI) Enterprises help in saving Capital Gains tax applicable on the gains from sale of property (held for more than 3 years).

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Tax free bonds have emerged as highly popular investment option among investors due to the taxation benefit that they offer. These bonds, generally issued by Government backed entities, are exempt from taxation on the interest income received from such instruments under the Income Tax Act, 1961. Some of the public undertakings which raise funds through issue of tax free bonds are IRFC, PFC, NHAI, HUDCO, REC, NTPC, NHPC, Indian Renewable Energy Development Agency (IREDA) etc.

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Tax Planning Services

We inform our clients of options of investments from a tax savings point of view. Tax planning allows a taxpayer to make the best use of the various tax exemptions, deductions and benefits to minimize their tax liability over a financial year.

Looking beyond 80C investments – all the investments and expenditures that you can claim as tax break

  • Don’t wait till March 31st to invest for your tax savings
  • Tax Savings FDs offers convenience, safety and a little liquidity too
  • Tax avoidance and NOT tax evasion!
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