Investment in equity share is taxable or not

1. If you are going to invest Rs 20000/- in share market ?????

I will advise you not to save Rs. 2000/-  by investing there even if you get tax benefit.  (However you will not get any)    

Because , out of Rs. 20000/- you may or may not get Rs. 2000/- only ,

for which you had made such a long  term investment.

(In share market investment -may become watse. )

2.  To invest under the Schemes of Section 80C like NSC, PPF, LIP etc are the only ways to save tax.