The section 80C offers deduction on specified investments with an upper limit of ₹1.5 lakh p.a. from your taxable income.

Under this section, investments in provident funds, life insurance saving schemes linked to equity, principal payment of home loan, mutual fund payments, pension plan payments, and government schemes like SSY, NSC etc. are deductible tax amounts.

Union Tax Saver offers customers an opportunity to invest their savings in DRIC, FDR, and MIS variants with assured returns as per the interest rates. Additionally, investment in Union Tax Saver is exempted from tax under the section 80C.

To sum it up, Union Tax Saver offers better returns on long term investments and additional tax benefits.

You can opt for a smart investment that offers tax exemption under section 80C. Such investments include government schemes like SSY, NSC and Union Tax Saver Scheme.

The later option is especially ideal for customers who want to invest for a long term with assured returns.