PM Narendra Modi's Birthday: How does PM Narendra Modi save tax? This is how you save money

Crores of people in the country have many types of curiosities about the country's Prime Minister Narendra Modi. Especially in the minds of taxpayers. Does he save tax? If yes then how to do it? What are the tax saving schemes where they invest? On the birthday of Prime Minister Narendra Modi, we will give you information about this.

This year, about 7 crore people have filed income tax returns in the country. Many people adopt some method or the other to save tax. Someone invests in small savings scheme. Someone invests money in tax saving FD. Many people also invest in tax saving schemes through mutual funds. Do you know what methods the Prime Minister of the country Modi adopts to save tax? Yes, you heard it right, here we are talking about the current Prime Minister of the country, Narendra Modi.

For this, when we studied his election affidavit of the year 2019, many things came to light. We also got information that he has investments in some places to save tax. So let us also tell you how the country's PM Narendra Modi has invested to save tax.

Tax saving by investing in LIC

According to the election affidavit of PM Narendra Modi, he has invested in LIC schemes. He has taken two policies of LIC. LIC was started in the year 2010 whose single premium is Rs 49,665. The second LIC policy is of the year 2013. Whose single premium is Rs 1,40,682. This means that he is investing a total of Rs 1,90,347. Everyone knows that tax saving can be done through LIC. Many people of the country invest in LIC and get the double benefit of saving tax along with securing their future.

Investing in National Savings Certificate

Investing in the government small savings scheme National Savings Certificate is also very beneficial. In this you can save tax up to Rs 1.5 lakh every year. The Prime Minister of the country has invested in this scheme with a lock-in period of five years. Since Narendra Modi became the Prime Minister in 2014 and till 2019, he has invested in NAC 23 times. Whose total value according to the election affidavit of the year 2019 is Rs 7,61,466. In this scheme, investors get a return of 7 percent. In this scheme you can invest a minimum of Rs 1000 and there is no limit on maximum investment.

Investing in Tax Saving Bonds

According to the election affidavit of PM Narendra Modi, he has invested in a tax saving bond. The value of this investment made in the year 2012 is Rs 20 thousand. However, according to the Times Now report published in March 2023, he has neither invested in any bond nor in any mutual fund. Well, here we are taking the affidavit of the year 2019 as the basis only. There are many people in the country who invest in tax saving bonds.