Key Points
Senior citizens consider the post office savings as their first choice, and insist that that scheme for retired investors offers the best tax-saving..
If a young couple is saving for the long term, and has a steady salary income to meet all their routine expenses, their portfolio needs growth assets..
Investing in interest-bearing income assets only to save taxes will slow down the growth of their corpus..
Simple assets like bank deposits, equity shares, bonds and mutual funds may not always offer tax benefits, but may be easy to hold, monitor, sell, transfer, operate electronically and bequeath..
If you have assets bought and held just to save taxes, consider the consequences of that orientation..
