ELSS or NSC : Which is a better tax saving option?
Since the NSCs offer you fixed rate of interest for next 5 years, there is no scope for you to maximize your returns.
I am a working professional of 28 years. I want to invest ₹1 lakh every year for tax saving purposes under Section 80C. I am confused as to whether I should invest in ELSS or in National Saving Certificates (NSC). I do not need this money for next 10 years. My purpose is to save tax and maximize the returns.