It is that time of the financial year, when tax payers start getting active about investing in Section 80C instruments.
Post the change in debt fund taxation in March, a lesser-known hybrid fund has emerged as one of the alternatives for fixed-income investors. Equity savings schemes, the smallest hybrid fund category in terms of assets, have raked in around Rs 6,000 crore this financial year (FY24) so far compared to Rs 1,100-crore outflow in FY23. The inflows along with a strong performance led to a 50 per cent surge in assets under management (AUM) to Rs 24,100 crore during April-November, shows data from the Association of Mutual Funds in India (Amfi).
'We are not asking for incentives, but at least taxation can be aligned such that the rupee tax on consumers remains the same.'
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.
Don't end up claiming tax by just referring to Section 80G. There are some sub-sections also.
Prime Minister Shigeru Ishiba's sudden resignation after only a year in office has thrown Japan into political turmoil, raising doubts about how the country will handle economic and regional challenges, observes Dr Rajaram Panda.
Equity linked saving schemes, ELSS, became popular because they saved you taxes. Now the same ELSS funds have shown that investors can make money as well.
rediffGURU T S Khurana answers readers' personal income tax queries.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The fear of losing purchasing power due to inflation and low-interest rates has led many to explore safe alternatives to fixed deposits with high returns
One of the best ways to take the time to research and plan well in advance, is to start on this exercise right in the beginning of the financial year and not at the end of the it, when there are bound to be different constraints on the cash flow and also confusion over what to choose in the last minute frenzy.
This is an equity diversified fund and investors enjoy both the benefits of capital appreciation, as well as tax benefits.
A complete guide for income tax deductions under sections 80D, 80DD and 80DDB which relate to medical expenses and health insurance/mediclaim. Good understanding will help you in substantial tax savings.
Our advice: engage the services of a qualified investment advisor, make an investment plan for your tax-planning investments and stick to it; finally don't deviate from your risk appetite.
'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'
When the market is down, you can buy more units, which offers you the rupee cost averaging. But the question here is, with so many options available in the market, which one should you choose? Keep reading to get the answer.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
There are many tax components you need to be clear about and also figure out how to plan your investments to gain maximum returns as well as maximum tax benefits.
A medical insurance policy should always form a part of any individual's financial planning as well as the tax planning exercise.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Banks offer a wide range of group insurance plans -- personal accident, health, hospital cash, home insurance, credit protection, and critical illness.
Tax saving funds can not only help your money grow but can also help you save and plan your taxes. Here's a list of top 10 ELSS funds in terms of returns that they generated during the year ending June 22.
A well-defined asset allocation plan for tax-saving instruments will help you realise not just your tax-planning objective, but also complement your overall financial planning.
While saving tax is important and certainly welcome, it's lot more important to ensure each instrument actually does the job it was originally meant to, says Manish Shah.
Before deciding to go for mutual fund ELSS, here are some points to ponder over.
'It is crucial to understand that the ultimate goal of your investments isn't to pay lesser tax, but to create long-term wealth for you and your family,' says Satyen Kothari, founder and CEO, Cube Wealth.
Here's a list of Top 10 ELSS funds in terms of percentage gain in the last one year till September 7, 2007. These funds not only help you make money but also save taxes as per Section 80C.
Do you know you can invest in funds to donate money for a good cause?
According to experts, even if an additional 5 per cent of people opt to buy new vehicles, it may bring a huge boost to the sector.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
Finding the right way to save taxes requires a great deal of planning. Here's a helping hand.
You tax-saving investments should not only depend on good returns but also take into consideration the various stages in your life to optimise your investments.
Trump is confident the US will eventually emerge the winner from whatever turmoil his policies cause, notes T T Ram Mohan.
Get Ahead home loan expert Harsh Roongta on tax benefits fo availing a home loan.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
What are FMPs and should you invest in them?
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