Indian taxpayers often look for different tax saver options to help reduce the taxation burden. Equity Linked Savings Scheme (ELSS) is one such major tax-saver option for Indian taxpayers. Equity Linked Savings Scheme (ELSS) funds are open-ended equity-oriented schemes that are offered as tax saving options. This mutual fund scheme is part of the tax benefits under the 80C section ...
We reached the end of 2021 financial year. It is time to finalize and invest for tax planning. You have to invest before Mar 30 to get tax benefit. Do not invest all your money in LIC. LIC and FD is saving. The rich people invest whereas the middle class saves. Saving money will not make you rich. Investing will. ...
We could see many Indians take life insurance(LIC) and decides that it is an investment. Investment means money grows by investing. In LIC, money is growing 4-5% annualized interest. It is less that fixed deposit. We agree that life insurance provides risk cover for the loved one or protection plan for family. But do not ever consider that as investment ...
If your monthly salary is more than 30,000, you have to pay income tax based on your salary. You can save money on tax by proper planning of section 80C. Income tax 80C allows deduction of 1.5 lakhs from your salary. It would save 10,000 tax on your salary as well as it would encourage you for investment. In India, ...