A mistake here can prove costly.
'It is advisable to invest in them early in life and stay invested for a longer period to achieve long-term goals and accumulate wealth.'
It is not clear if banks will accept the card for opening accounts.
It is not clear if banks will accept the card for opening accounts.
In a pension plan, a person makes an investment either by one-time payment or in instalments for a fixed period of time and in return gets a regular return either for a life time or for a fixed term depending on the plan.
But to avail the benefit of this new tax-saving scheme you will need to ask your employer to make some changes to your CTC package.
The top five recommended ELSS based on Fundsupermart.com's in-house research methodology.
Find out why equity linked savings scheme is the best investment option for tax savers, why it is a favourite of tax-savers, what factors you must to consider while investing in ELSS mutual funds and how to choose them.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Salil Dhawan explains why you must invest early in life.
Archit Gupta on how can you maximise your savings and reduce your taxable income.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Ensure the employer has all relevant documents. Else, your pay will take a serious hit in the next two months.
With the Budget just round the corner, insurance companies have suggested a separate limit for deductions under Section 80C of the Income Tax Act, for long-term saving instruments like life insurance and exempt exempt exempt (EEE) treatment on the maturity proceeds of products.
There is more to tax planning than just Section 80C and infrastructure bonds.
Ideally, tax-saving should not be looked at in isolation. It should be linked to a financial goal.
There is no ignoring the respectable returns given by National Savings Certificate, which are not only assured, but also tax-exempt under Section 80C and government-guaranteed.
With a strong plan in mind, Public Provident Fund can become an important and strong part of your investment, says Naval Goel.
Here's what you must know about filing your tax returns.
For longer tenure products, they offer higher returns compared to other instruments. But for shorter tenures, things are getting tighter for investors.
Give separate tax exemption limit of Rs 50000 for the life insurance premium.
Let us look at this scheme a little more in detail.
An Aadhaar card can fast-track the KYC procedure for some instruments.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Individuals could soon lose tax benefits available on fixed deposits with an over five-year term once the direct taxes code comes into force from April 2011.
The season for investment in tax saving instrument has started. Here, is an investment avenue to save tax that is cheap and lets you participate in India's economic growth story.
In the fourth part of the 'I Dream' series Anil Rego shows the way that will help you to optimise your taxes.
Before deciding to go for mutual fund ELSS, here are some points to ponder over.
From April 1, 2010, section 80CCF would provide an additional tax deduction, over and above the existing 80C deduction, in respect to investments made in long term infrastructure bonds.
The higher the tax bracket, better the yields for these instruments
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
There was no relief for existing home buyers who are stuck in stalled projects and are paying both rent and EMI on their home loans.
With the tax planning and investment season coming to an end this month, many are running around to get the best of the plans available in the market. Most of the limit available under Section 80C would have been over by now. Are there other ways to get tax benefits from taking up useful investments/expenses? Yes, there is always the health insurance plans.
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
Investing in a Unit Linked Insurance Plan increases your life cover and also helps you save tax, says Vivek Jain.
One of the best ways to beat the market is through SIP (Systematic investment plan) which is based on a simple rupee averaging principle.
It's best to start your tax planning in the beginning of the year to help you systematically grow your savings coupled with the added benefit of tax saving realised at the end of the financial year.
Tax incentives are given to encourage savings / investments. Savings form part of your overall financial plan which in effect means tax planning is a subset of financial planning. Your financial plan will set objectives for you based on your aspirations, your life style, your age group, size of family, et cetera.
Insurance is a highly misunderstood product and it's often bought and sold for the wrong reasons.
Investmentyogi simplifies equity linked savings schemes for Get Ahead readers and discusses the pros and cons.
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