Pension plans by mutual funds have a three-year lock-in like ELSS.
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.
People are increasingly being drawn to trusty small savings instruments
Here are some tips for salaried class to reduce their tax burden as the financial year is nearing its close come March 31.
You get a tax benefit when you invest in an ELSS scheme, dividends are tax free and when you sell the units after three years, you pay no tax. And it has the lowest lock-in period when compared to the other options under Section 80C.
ELSS are mutual funds that invest in the stock market and give the tax benefit under Section 80C of the Income Tax Act.
For the purpose of our discussion, we have chosen schemes which offer tax benefits at the time of making investment under Section 80C, i.e. Public Provident Fund & National Savings Certificate.
The popular Five-Year National Savings Certificates will earn an interest rate of 8.1 per cent from April 1 as against 8.5 per cent, at present.
This is the first in a series of articles dealing with planning for children's future.
Financial Planner Suresh Sadagopan chalks out a financial plan for Business Standard reader Rahul Lad.
Get Ahead tax expert Mahesh Padmanabhan tells readers about the best options to save taxes in a chat on August 21.
Correcting markets makes this a great time to buy an ELSS. Here are 7 schemes across the risk spectrum.
Here's why stock market investors should take the current market crash to buy stocks or invest in mutual funds.
Tax deductions and prioritising their sequence will help you streamline your investments for efficient tax saving.
To select the right fund, investors need to first evaluate their risk profile and also assess the funds on parameters like the investment style, performance and risk, among others.
Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
In a move that will hit the common man, the government on Friday slashed interest rates payable on small savings including PPF and Kisan Vikas Patra (KVP) in a bid to align them closer to market rates.
Here's an investment strategy for investments in tax-saving funds.
Before you start planning for taxation, you must understand that at the end of the day, it is just another investment you are making.
After dematerialising crores of shares over the past seven years, the National Securities Depository Ltd is set to extend the service to other financial instruments.
Rationalisation in the rates offered by small savings schemes is a must.
Here is a profile of some of the popular small savings schemes.
Want to invest in National Savings Certificate? Read this first.
Want to start saving but don't know where to begin? Our investment expert guides.
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
The sustainability of these savings schemes is more in doubt today than it ever was.
Such holders will earn only post office savings account rate of 4 per cent and not the higher rate on those instruments when the status was one of resident.
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