PPF
The limit for investment in the Public Provident Fund, or PPF, has been raised to Rs 1,50,000 per fiscal. Up from the current limit of Rs 1 lakh.
PPF is one of the most popular tax-saving schemes and is backed by the central government.
Not only do investors get a tax deduction on investing, but even the interest earned is tax free and compounded. And the amount is also free from tax on maturity.
Next: Home loans