Want to Save Tax?

There is a provision in Income Tax act that you can take tax deductions upto 1.5 lac by investing in different investment vehicles. I have listed down some assets in which u can invest and save tax.

1. Equity Linked Saving Scheme/ Tax saving Mutual Funds

ELSS collects your funds and invests in different equity stock so that your portfolio gets diversified. Investment in ELSS helps you save tax as the dividend recieved on your funds are tax free.The gains from this Mutual Fund is also tax free and the returns are inflation adjusted.You can investt them on monthly basis or according to a systematic investment plan.

2. Public Provident Fund

It is a debt instrument with complete capital protection and the EEE (exempt, exempt and exempt) tax status makes it a good option for conservative investors. The EEE tax status implies that the investments, the income and the maturity amount are all tax-free.

3. New Pension System

Investors can choose to invest up to 50 per cent of their assets in equities under NPS. The scheme is structured into two tiers: Tier-I and Tier II accounts. The Tier-I account is the non-withdrawable account and is only eligible for tax benefits. Under the equity option of Tier-I account one can invest up to 50 per cent of the assets in equities. With the equity exposure, investments in NPS are expected to deliver superior returns.

4. Unit Linked Investment Plans

Unit linked insurance plans or Ulips provide a combination of insurance and investments. These are just like mutual funds with an insurance cover.

As Ulips have the option to invest up to 100 per cent of their assets in equities, they can help you grow your wealth.

Want to know more about tax saving investment, just give me a call on +918439158528