Not all savings schemes have tax benefits. For some savings plans, only investment is tax free. While for others, the interest and maturity amount are also tax free. Here is a list of schemes where returns are tax free. Public Provident Fund Sukanya Samriddhi Yojana Employee Provident Fund Unit Linked Insurance Plan One can use the Scripbox income tax calculator to determine their tax outflow and taxable income after investing in the above saving and investment plans. The income tax calculator also suggests suitable ELSS funds in case there is scope to save more tax.