Few Tax-Free Schemes (Even Today)

Life Insurance Policies: 

1) Traditional policies: Where total premiums of policies taken from 1st of April 2023 is less than 5 lakhs per year. 

2) ULIPs: Where total premiums paid is less than 2.50 lakhs per year. 

3) Death Benefit: is always tax-free in the hands of the nominee, irrespective of the amount. 

Mutual Funds: 

1) Equity-Oriented Schemes: Total Gains up to 1.25 lakhs in a financial year. 

Small Savings Schemes: 

1) Public Provident Fund

2) Sukanya Samridhi Scheme 

Pension Schemes: 

1) NPS - Up to 60% of the amount commuted at the time of pension.

2) Annuity Plans - Up to 1/3rd of the amount commuted at the time of pension. 

3) Provident Fund - withdrawal after 5 years. 

Sovereign Gold Bonds: if held until maturity.