ELSS and PPF can be good last-minute tax-savers, say analysts

NPS and medical insurance are sound non-Section 80C options

Only two days remain until March 31, the deadline for making tax-saving investments for FY22. It is important that in their last-minute rush, taxpayers don’t make mistakes.

Gopal Bohra, partner, NA Shah Associates, says, “Taxpayers should first take into account their Employees’ Provident Fund (EPF) contribution, principal repaid on housing loan, insurance premiums, and children’s tuition.”

This will give them an idea on how much more they need to invest in Section 80C instruments.

Section 80C

If you are falling short, choose an instrument that is right for you. You can contribute up to Rs 1.5