Want to save tax? Here are top 5 investment schemes that you can consider

Invest in select products such as equity-linked saving scheme, Public Provident Fund, National Pension Scheme and Senior Citizens Savings Scheme

Only a few days are left for the tax-saving season to end. Even if you are late, don’t invest in haste. A small mistake can cost you dearly in the future. A poor-quality investment will not only give you sub-par returns but could also erode your capital. Although the primary focus of taxpayers is to save tax, they need to ensure that these investments are in line with their financial goals. Tax-saving investments should not be made with the sole purpose of saving tax but should also help an individual grow his wealth. 

When investing in a tax-saving instrument, consider factors