Two Section 80C investments you can make in a child's name for tax saving till March 31, 2025

If you are still in the old tax regime but have not made your tax-saving investments for FY 2024-25 yet, then March 31, 2025, is your deadline.

You would lose the tax deduction benefits under various sections of the Income-tax Act, 1961 by failing to finish your tax-saving investments by March 31, 2025.

Taxpayers can save tax on up to ₹1.5 lakh income by making investments under schemes approved for tax deduction under Section 80C of the Income-tax Act, 1961. Of these, some popular schemes allow tax deductions even on investments made in the name of a child by a guardian. This article highlights two such schemes as follows:

Please note that returns from both PPF and SSY accounts are fully guaranteed by the Government of India.

Salaried employees planning to file taxes under the old regime can make their tax-saving investments till March 31. They can do so even if they opted for the new regime before their employers at the start of the current financial year. Such taxpayers can switch to the old regime at the time of filing the Income-tax Return.