Mutual funds is an better alternative for fixed deposit in longer term. Here we have another benefit from mutual funds for better returns, Mutual funds with debit cards. It provides two advantages one is short term investment which would give better return than saving account. The next is ATM cum Debit card to withdraw invested money for spending. Liquid mutual ...
Mutual funds in best investment in long term. You can start mutual funds for one more reason, that is tax saving. Few equity mutual funds are identified as ELSS funds and money invested in these funds can be declared in income tax section 80C. Invest money for 3 years and additional benefits of income tax saving apart from higher returns ...
Sukanya Samriddhi Scheme (SSS) is an investment option if you have a girl child of ten years or below. It gives fixed return of 8.5% per annum. 50% of the withdrawal is allowed only when the girl child turns 18. Investment in SSS is goal specific and the maturity amount is accessible only to the girl child in whose name ...
House Rent Allowance (HRA), is an amount which is paid by employers to employees as part of their salaries for accommodation. Only salaried person living in rented house can claim HRA tax exemption. Income tax section 10(13A) provides tax benefits towards the payment for rent. Tax exemption calculated based on city of residence, HRA paid, basic salary and actual salary ...