India, March 7 -- India Post offers multiple small savings schemes to help taxpayers save income tax. If you are still filing taxes under the Old Tax Regime, you should complete all tax-savings investments for FY25 before March 31, 2025.

Under Section 80C of the Income Tax Act 1961, taxpayers under the Old Tax Regime can claim tax deductions on up to Rs.1.5 lakh of their total income.

Under this scheme, deposits can be made in lump sum or 12 installments and a joint account can also be opened. The maturity period is 15 years, but the same can be extended within one year of maturity for a further five years, and so on.

However, premature closure of the PPF account is not allowed before 15 years. The interest on the deposits is completel...