It's that time of the year again. Tax savings is the top of the mind. Last few days to do anything that you can to save taxes. Now that you are aware about some of the best ways to save tax for yourself, you also know that ELSS or tax saving mutual funds are one of the important investments that you can use to cover your Section 80C. The question as always is "which of … [Read more...] about Tax Saving Mutual funds – Which one to invest in?
NPS is a retirement product and hence there are investors who feel that it offers an assured return much like its counterparts PPF and EPF. Sadly that is not the case. On the contrary, an investment in NPS is pretty much similar to a mutual fund. When you open your NPS account, there are various types of fund options that you can choose to invest in. Option E - … [Read more...] about NPS – Does it provide assured returns?
NPS or National Pension Scheme is emerging as one of the favourite tax saving options for investors. Under the Income Tax savings options, there is a special benefit provided for investments made in NPS. For additional investments upto Rs. 50,000 under Sec 80 (CCD), there is no tax applicable. This is over and above the section 80C investment limit of Rs. 1.5 lakhs. Now, … [Read more...] about NPS – Are you overestimating the tax benefit?
PPF continues to be one of the most preferred investment vehicles for Indian households. The reasons are clear. It offers guaranteed returns and that too tax-free. It has come along way since 1968 (source: Wikipedia) when it was first launched. Here are 10 pointers that bring you upto speed with the latest features of a PPF account. They will also serve as a guide … [Read more...] about PPF – All that you need to know about this tax saving investment
Einstein famously said that there are only two certainties in life – Death and Taxes. Both are scary. As for taxes, you don't even want to talk about them, lest even pay them. Well, you need not be so scared. A little knowledge can go a long way in reducing your fear as well as taxes. You can now make the most of tax saving investments. But first, what’s your … [Read more...] about Quiz – Learn about taxes and save more