In the long run, chances are that investments in small saving schemes may not be able to get good returns as compared to other investment options available in the market.
The features of the two scheme are distinct and in places rather sharply so.
If you start with these five investments, they can give you a head-start in your money life.
I invest like a girl because there is a lot which is right about investing that way
Taking advantage of tax deductions for investment under section 80C of the Income Tax Act must start with a list of investments already made to avoid unnecessary overinvesting for tax deduction.
A woman's financial plan must be aimed at creating long-term financial stability. Their emotional needs must be factored into the financial plan.
Income tax authorities have specified deadlines for many actions. If you follow the rules, you stand to gain in terms of saving on income tax and peace of mind.
Financial planners and experts seem to be in agreement that Equity Linked Savings Schemes (ELSS) is the best investment avenue under Section 80C of the Income Tax Act since it outscores other options in terms of liquidity and returns.
Since January 2015, the Reserve Bank of India (RBI) has cut the repo rate by 175 basis points or 1.75 percentage points from 8 percent to 6.25 percent.
Experts feel NPS continues to be a good retiral product for the salaried segment since it is market-linked and professionally managed.
Finance minister should listen to various demands of the tax payer and offer increased tax sops.
Pradhan Mantri Garib Kalyan Yojana, 2016 provides an opportunity for black money holders to disclose income in the form of cash or deposit and pay tax, surcharge and penalty totaling in all to 49.9 per cent of the declared income and an additional 25 per cent deposit in the Pradhan Mantri Garib Kalyan Deposit Scheme, 2016.
Since April last year, interest rates of all small saving schemes have been recalibrated on a quarterly basis. For the January-March quarter, these have been kept unchanged compared with the October-December quarter.
The type of tax-saving instrument one chooses should depend a lot on the risk profile, age and fund availability as well as income bracket of an individual.
Taxpayers‘ habit of last minute rush to save tax is often cashed in by the financial instrument providers and advisors to meet their sales target instead of identifying and matching the investor financial needs.
Here are some of the ways in which an investor can ensure that they have the right proof available with them that will be enough to claim the deduction that they have made
Income tax laws mandate a minimum holding period, before an owner sells his/her residential house, to avail of tax benefits. Let us analyse the various provisions, under the Income Tax Act, to understand the R
Categorizing goals as per the time frame gives you clarity on the type of investments that you need to make for each of your goals and allocation of assets becomes clear.
If managed well the investment in PPF can fetch you some tax deduction without much effort.
How the PPF and ELSS score on various parameters. Here is how you can take an informed decision.
Pure term insurance plan pays if the life assured dies in the term of the policy and nothing else. TROP offers to pay all premiums if the life assured survives.
If you plan it well, you can save a lot on income tax front and enjoy your salary.
Investing in each of these asset classes on a monthly basis over the last ten years has given nearly the same returns. Here is how.
Don‘t yet heave a sigh of relief if you have already claimed the tax-benefits for the past year based on investments in various instruments. Chalk out your yearly tax-saving plan in April to save many troubles later.