Difference between RGESS, ELSS and PPF

13 Feb    Tax Issue admin
Feb 13

Difference between RGESS, ELSS and PPF

Comparision of RGESS with the top tax saving schemes available in India:

RGESS ELSS PPF
Eligibility Annual Income less than 10 lakh. None None
Lock-in Period 1+2 3 years 15 Years
Tax Benefits 50% (80 CCG) 100% (80 C) 100% (80 C)
Maximum Investment for Deduction Rs.50,000 Rs.100,000 Rs.100,000
Minimum Investment NA Rs.500 to Rs.5000 Rs.500
Need for DEMAT Yes No No
Equity Linked Yes Yes No
Annual Return Market Based Market Based 8.8%
Interest Earned Non Taxable Non Taxable Non Taxable
Risk Medium to High Medium to High Low

 

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