In simple terms, Investments that particularly offer exemption from tax or offer any other tax benefit are referred to as tax saving investments. Some popular tax-free investments include Life insurance policy, Senior Citizens Saving Schemes, Public Provident Fund (PPF), fixed deposits for 5 or more years, Equity Linked Saving Scheme, Health insurance and National Pension Scheme. You can opt for any number of the tax saving investments on the basis of the duration of your investment and the features they offer in order to reap the maximum tax benefits. Some of the tax saving investments offer deduction under 80C of Income Tax Act. The tax saving feature of these investments makes them highly lucrative and popular investments.
The Government has hiked the interest rates for Small Savings Schemes for the Third Quarter (1st October, 2018 – 31st December, 2018). There is a change of upto 40 basis points in... Read more »
If the financial future of your girl child concerns you then the Sukanya Samriddhi Yojana is just what you need to secure your child’s future. It is a small saving scheme that... Read more »
Filing income tax returns is not as easy as it seems. Not only do you have to consider the amount of tax you have to pay but check where you can save... Read more »
Tax is something you cannot avoid. From being levied on everything you buy to your earnings, taxes are everywhere. However, that does not mean you have to just give up. While you... Read more »
Saving tax is one of the most common incentives behind the investments, most of the individuals do every year. But not all tax saving schemes are profitable to a good extent. There... Read more »
Last 3 months of the financial year 2012-13 are left, soon most of the salaried people will start investing there funds into different financial products to claim section 80C deductions. This section... Read more »
Tax savings in one of the major concerns while managing the personal finance. Anyone never prefers the outflow of their hard earned money in taxes. Specially with the increasing income higher tax... Read more »