10 Best Tax-Saving Instruments and Their Returns
” In this world, nothing can be said to be certain, except death and taxes “ – Benjamin Franklin In another few months, we will start the new year 2019 and tax payers will be busy looking at the best tax saving investments in FY 2019-2020 under various sections of the Income Tax Act. Smart […]
Best 10 Tax Saving Tips for an Entrepreneur
Income tax is the harsh reality that every entrepreneur or a business owner has to accept. And of course, the hardest thing to understand in this world is income tax! Source : profitbooks.net However, it is our duty to contribute towards paying income tax, and we can’t escape from this duty because it is ultimately […]
A Detailed Plan to Save Tax!
Do you feel that the government is taking away too much from you as tax? If you do, then you are not alone. You may not know but probably are paying much more tax than is necessary. This is because you may not be aware of the tax saving provisions of the Income Tax Act. […]
NSC (National Savings Certificate): 20 Things You Need to Know About This Fixed Interest Scheme
National Savings Certificate (NSC) along with PPF, Kisan Vikas Parta are popular fixed income securities which can be availed with the help of a post office. Apart from providing a fixed income in the form of periodical interests, these also provide tax benefits to its investors. These instruments are safe and promoted by the Government. […]
NFO Review: Sundaram Long Term Tax Advantage Fund Series IV – Direct Plan (April 2018)
Sundaram Mutual Fund launched a new mutual fund scheme on 27th March 2018 – Sundaram Long Term Tax Advantage Fund Series IV – Direct Plan. It is a close-ended Equity Linked Saving Scheme (ELSS) with a tenure of 10 years from and including the date of allotment. It also has the option of withdrawal after 3 years from the date […]
SIP vs Lumpsum: Which Is Better for ELSS Investment?
An investor is always in a dilemma of whether to invest in ELSS through Lump Sum or via Systematic Investment Plan. Both the methods have their own advantages and disadvantages. Generally, SIP is recommended as it reduces the risk from market movements and provides the benefit of cost averaging. Lump Sum Investments Versus Systematic Investment […]
ULIP vs PPF vs MF: Which is Better in What Way?
At present, there are a lot of investment options for the ordinary investor to save tax. Some of them being mutual funds, public provident fund or PPF, Unit Linked Insurance Plans (ULIP), fixed deposits among others. Moreover, the recent market correction and volatility has brought about doubts in the minds of many investors. The doubt […]
Income Tax Exemptions: Section 80C – All You Need to Know
The most commonly used choice to save income tax is section 80C of the Income Tax Act. As per this section, if an individual or Hindu Undivided Families (HUFs) invests in or spends on specified option then up to Rs 1.5 lakh, as per the present laws, of this investment made or expenses incurred can […]
Grandfathered Meaning: Budget 2018
Much hype (and maybe confusion too) has been created over grandfathering of capital gains. On the 1st of February 2018, on the day of the financial budget, our Finance minister Mr Arun Jaitley announced a 10% levy of tax on long-term capital gains on equity shares and equity-oriented units of a mutual fund. He said […]
8 Advantages and 2 Disadvantages of ELSS
The number of people taking advantage of Equity Linked Savings Scheme or ELSS has steadily risen. Due to the increase in popularity, more people want to know the advantages and disadvantages of ELSS funds. Besides the obvious draw-back – 3 year lock-in, there aren’t many drawbacks to this ELSS funds. Read the full article to know all the […]
LTCG Tax Calculation for ELSS Mutual Funds
Introduction of Long Term Capital Gains (LTCG) tax on equity mutual fund schemes has badly hit last-minute investments in Equity Linked Saving Schemes (ELSS) this tax-saving season. Many investors are thinking whether ELSS is tax-free or does ELSS still serves as a tax-saving instrument. There are lesser last-moment investment calls made by investors due to […]
3 Reasons Why Equity Mutual Fund is Good Even After LTCG Tax
Soon after the announcement of LTCG tax in India, share market and equity mutual fund investors starting questioning if equity mutual funds were still a good option to invest in. To add to that, numerous rumours and myths have flaoted the markets prompting many people to take wrong steps. 3 reasons why equity mutual fund […]
10 Best Tax Saving (ELSS) Mutual Funds for 2018
As the year-end is approaching, every investor is planning to achieve new investment objectives. Smart investors choose their investment funds wisely. If you are planning to save income tax under Section 80C of the Income Tax Act, ELSS (Equity Linked Savings Scheme) funds are the right choice for you. This article explains some of the […]
What Are Tax Slabs For 2017 and How Can I Save The Maximum Tax?
Tax Slabs in India 2017 In India, the tax rate is different for people of different incomes. This means that the tax rate applicable to you will depend on your income. Income Tax Rate Less than ₹2.5 lakh Nil ₹2.5 lakh to ₹5.0 lakh 5% ₹5.0 lakh to 10.0 lakh 20% Above 10.0 lakh 30% […]
ELSS Mutual Funds – All You Need To Know About Tax Saving Funds
ELSS Mutual Funds are getting very popular with users because of the benefits they offer – higher returns, lower lock-in and lower minimum investments. In this guide we cover everything you ought to know about ELSS Funds to save tax. How Much Tax Can You Save? Up to ₹45,000 a year. You can get a […]
29 Ways You Can Save Taxes In India
The government has various policies to persuade the public to do what is best for the economy of the country. Besides, they also make various policies to ease the life of regular taxpayers. For example, to encourage investing and saving, the government reduces or completely removes taxes from certain investment options. Likewise, to encourage you […]
ELSS vs PPF: Which is better for saving tax?
There is always a concern about tax implications, within the retail investor. In fact, many prospective investors shy away because of the large tax rates that one has to pay on the returns of an investment. But what if there is a way out? What is the best instrument to save tax? There are multiple […]
6 Advantages and 2 Disadvantages of ELSS – Tax Saving Mutual Funds
Introduction to ELSS “Money can’t buy everything.” The saying goes apt for priceless things only as in today’s materialistic world; it is, in fact, the money which is necessary for buying everything. All that you need for your living, your comfort, your luxury is what money and only money can buy. So how do you […]
11 Things You Need to Know About ELSS (Tax Saving Mutual Funds)
ELSS stands for equity linked savings scheme. An ELSS is a diversified equity mutual fund. It means that it is a mutual fund that invests mainly in stocks and is not focused in any particular sector or category. The maturity/lock in period for ELSS is only 3 years. Due to this feature, it is a […]
Top Rated Tax Saving ELSS Funds in India in 2017
ELSS mutual funds are a very effective and efficient channel to save tax. Not only do these funds save you tax, they also let you invest while saving tax. In fact, some top mutual funds in India generate returns so good, many choose to remain invested in the same fund even after the 3 year […]