What are the different types of tax-saving investments?

There are various taxsaving investments available in India, some of which are:

1. Public Provident Fund (PPF): It is a governmentbacked savings scheme with a longterm tenure of 15 years, and offers tax benefits under Section 80C of the Income Tax Act. The interest earned on the investment is also taxfree.

2. EquityLinked Savings Scheme (ELSS): It is a type of mutual fund that invests in equities, and offers tax benefits under Section 80C of the Income Tax Act. ELSS has a lockin period of three years.

3. National Pension System (NPS): It is a governmentbacked retirement savings scheme that offers tax benefits under Section 80CCD of the Income Tax Act. Contributions to NPS are eligible for tax deductions, and the returns are taxfree.

4. Taxsaving fixed deposits: They are fixed deposits with a lockin period of five years, and offer tax benefits under Section 80C of the Income Tax Act.

5. Unit Linked Insurance Plans (ULIPs): They are insurancecuminvestment products that offer tax benefits under Section 80C of the Income Tax Act. ULIPs have a lockin period of five years.

It is important to note that the tax benefits, lockin periods, and risks associated with each investment option may vary, and one should choose an investment option based on their financial goals, risk appetite, and taxsaving requirements.