The new financial year has began. Few weeks back many of us were scrambling to make last minute tax saving investment. This year save yourself from making impulsive tax saving decisions, plan ahead and relax. Here is what you should do for your Tax Planning for FY 2010-2011.
Our Instincts play a big role in our investment decisions. Often, these instincts are based on our perceptions rather than on information available to us. Today, we have far greater access to information through print, television and internet media, yet our minds are trapped in age old investment myths.
Most of the offices today share a similar scene. Employees are worried, no, not because of economic slowdown, but because they need to give proofs of tax saving investments by a given date. After all, for most people tax is a four-letter word.
It is that time of the year when salaried class tax paying Indians look for suitable options to invest before their final income tax payout is calculated. Of the options that are available, Public Provident Fund (PPF) remains popular with all the investors and Equity Linked Savings Scheme (ELSS) is fast catching up as the … Read more
The main purpose of investing for most investors is tax saving. Equity linked saving schemes (ELSS) are those mutual fund schemes that help you save taxes as well as generate decent returns. But, how do you separate the wheat from the chaff? Here is a list of few ELSS schemes that you should consider for investing.
Post office savings schemes provides security of capital and interest thereon and are best suited for conservative investors. The popularity of Post office savings schemes can be contributed to the fact that it appealed to every section of the society, rich or poor.
National Saving Certificates (NSC) are a time-tested tax-saving instrument that combine adequate returns with high safety. This is the only scheme which gives tax benefits on the investment and the interest which is reinvested.
Public Provident Fund (PPF) is a savings-cum-tax-saving instrument. It also serves as a retirement-planning tool for many of those who do not have any structured pension plan covering them.
Small saving schemes are the most popular investment avenues among the general public. Safety, convenience, small investment and liquidity characterize these investments.
Saving tax through Mutual Fund? While the traditional options of Life Insurance, National Saving Certificates (NSC) and Public Provident Fund (PPF) are on top of the mind when one thinks of investments directed at saving taxes, it would be worthwhile to take a look at some mutual funds that offer tax benefits under Section 80C. One such type of mutual fund scheme is called Equity Linked Saving Schemes or ELSS.