There are 3 famous tax saving options in section 80C. Post office NSC, Life insurance and ELSS mutual funds. In this post, we will discuss why ELSS mutual funds is better tax saving option in India. NSC – National Savings Certificates are bonds issued by the government to encourage the habit of saving among Indians. One can purchase these certificates ...
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. ...
Recent article on Mint highlights Why we should not rely entirely on Sukanya Samriddhi to save for children. Few points from the article. While the interest rates are high on Sukanya Samriddhi Account, it’s not the best product to save for children, at least, not the only product that you should rely on. “As the individual is saving for the ...
Mutual funds provide flexible investment option by allowing investing in SIP. There are 1000 of mutual funds available in market. In this, set of mutual funds are Tax saving mutual fund, also called Equity Linked Savings Scheme (ELSS. These funds are mutual fund schemes that invests in equity & equity related securities. Investment in ELSS mutual funds can be shown ...