Tax planning made easy
Not like any man, but dues to be paid. Tax saving investment options - some wise planning you can save more tax as must as you're allowed to and that is where we are headed with the show today.
Sales pitch already started the insurance and mutual fund agents annual product setback. But now save by PPF and life insurance is more than. Come on, AOS to find out what you can to kick that 80 C can.
Taxes is a very boring subject. We do, Äôt should think about paying taxes for. But we are talking about saving, it's just a little more exciting. Not much. However, after the show, we go with an excuse to maximize your tax savings will be.
All this makes one think, does not it? And who does not want to save tax? We find that their careers that they just do not have met enough people in the early years Äôt a financial year end to save money to put away. Then we have some very mature investors save taxes but still nothing to recommend their CA or agent is often found. Our thoughts today to help you make informed decisions on investment options is. So, let's start with AOS basic sections - Section 80C, where your best choice most of the fall.
We must first understand what means 80C. You invest Rs 1 lakh in government-approved financial products and your taxable income less than Rs 1 lakh makes. So if you can at Rs 5 lakh, Rs 4 lakh on this will be after you were. What this means is that:
1 lakh to 10 per cent tax bracket an individual, Rs 10,000, the investment is saved #
1 lakh 20 per cent tax bracket to a person, Rs 20,000, the investment is saved #
1 lakh to 30 per cent tax bracket an individual, Rs 30,000, the investment is saved #
Section products, of which your age, stage and can choose according to need as a basket of products to look at all under 80C. Spend some products that will benefit you before 80C.
I spent saving products which can be adjusted to start with something. You just need to remember to account for them when you fill out your tax returns and take that deduction.
Cost: 80 C for products include:
- School fees: up to 2 children up to Rs1 million each year tuition fee waiver
- Home loan principal: the repayment of principal up to Rs 1 lakh. (We cut to bring you home loan interest payments are not talking about. That is different and is deducted from your total income.)
Let's AOS, investment products to come. Those of us that are completely safe and those that are related to the market as it look. Low risk or return fixed location in space, there are products where the interest is taxable and the interest is not taxable where.
First up, 80 C products with low-risk taxable interest:
Bank deposits #
Notified 5-year savings deposits
Interest: the average of 9 per cent
Term: 5 years
# National Savings Certificate (NSC)
8 per cent: interest
Duration: 6 years
# Senior Citizens Savings Scheme (SCSS)
9 per cent: interest
Term: 5 years
Post Office Term Deposit #
7.5 percent: The interest
Term: 5 years
Of course the best investment products under Section 80 C where the interests that you are meeting at the end of the term tax charges as well.
# Public Provident Fund (PPF)
Interest: 8 percent (at present)
Term: 15 yrs
(Maximum to be put away each year by allowing each member of the family income is Rs 70,000)
# Employees Provident Fund (EPF)
8.5 percent (currently): Interest
Term: until you retire
If you, Äôre employed employer Form16 you some time in March every year, it automatically from your end will account for EPF contributions. What you really need to take the total investible funds under section 80C of Rs 1 lakh loan fund their employee contributions, and that's what you do to maximize your tax savings should far.
Now, PPF and EPF should be first choice, right? Only long-term risk-free, tax-free guaranteed return products to use for a long term plan, is not it?
But two reasons you move to the next level of risk will encourage - a Rs 70,000 two and hat, long-term equity returns of 12-15 per cent are in the field. A good enough reason to have some equity products that come under Section 80 C to see
You can look at a special fund called the ELSS or equity savings plan you will gain 80 C associated with an equity investment. There is a 3 year lock in long-term capital gains is nil.
ELSS recommends:
# Birla Sun Life Tax Relief: 5-year return is 11.47 percent
# Principal Tax Savings: 5-year return of 13.91 percent ID
Another product you can buy ULIP, we certainly know that the Section 80C benefit all insurance plans. Even your humble term plan. But we are focused on ULIP schemes, because that is what you are buying. So here are the top 3 of Outlook Money ULIP returns a list of plans and 3 is the cheapest cost:
Where 60 percent or more on returns and the funds invested in Equities:
7.14 percent: - # Bajaj Allianz net share
# Kotak Mahindra - Kotak Aggressive 5.80 percent increase
5.79 percent: # ICICI Prudential Life Maximiser-II
3 Cheap ULIP funds
# Birla Sun 'Life Classic Life Premier: 1.93 (value%)
Aviva Life Freedom Life Plan #: 2.18 (value% - funds that charge out of managing your money)
# AEGON Religare Life protect the benefits of: 2.24 (value%)
Too much under its Section 80 C tax saving investment options recaps. Of course there are other tax deductions you can get.
So, here we suggest that AOS hope you and all your options early enough and March 31 next, giving you enough money to put them away, use the next 3 months reminded will.
Sales pitch already started the insurance and mutual fund agents annual product setback. But now save by PPF and life insurance is more than. Come on, AOS to find out what you can to kick that 80 C can.
Taxes is a very boring subject. We do, Äôt should think about paying taxes for. But we are talking about saving, it's just a little more exciting. Not much. However, after the show, we go with an excuse to maximize your tax savings will be.
All this makes one think, does not it? And who does not want to save tax? We find that their careers that they just do not have met enough people in the early years Äôt a financial year end to save money to put away. Then we have some very mature investors save taxes but still nothing to recommend their CA or agent is often found. Our thoughts today to help you make informed decisions on investment options is. So, let's start with AOS basic sections - Section 80C, where your best choice most of the fall.
We must first understand what means 80C. You invest Rs 1 lakh in government-approved financial products and your taxable income less than Rs 1 lakh makes. So if you can at Rs 5 lakh, Rs 4 lakh on this will be after you were. What this means is that:
1 lakh to 10 per cent tax bracket an individual, Rs 10,000, the investment is saved #
1 lakh 20 per cent tax bracket to a person, Rs 20,000, the investment is saved #
1 lakh to 30 per cent tax bracket an individual, Rs 30,000, the investment is saved #
Section products, of which your age, stage and can choose according to need as a basket of products to look at all under 80C. Spend some products that will benefit you before 80C.
I spent saving products which can be adjusted to start with something. You just need to remember to account for them when you fill out your tax returns and take that deduction.
Cost: 80 C for products include:
- School fees: up to 2 children up to Rs1 million each year tuition fee waiver
- Home loan principal: the repayment of principal up to Rs 1 lakh. (We cut to bring you home loan interest payments are not talking about. That is different and is deducted from your total income.)
Let's AOS, investment products to come. Those of us that are completely safe and those that are related to the market as it look. Low risk or return fixed location in space, there are products where the interest is taxable and the interest is not taxable where.
First up, 80 C products with low-risk taxable interest:
Bank deposits #
Notified 5-year savings deposits
Interest: the average of 9 per cent
Term: 5 years
# National Savings Certificate (NSC)
8 per cent: interest
Duration: 6 years
# Senior Citizens Savings Scheme (SCSS)
9 per cent: interest
Term: 5 years
Post Office Term Deposit #
7.5 percent: The interest
Term: 5 years
Of course the best investment products under Section 80 C where the interests that you are meeting at the end of the term tax charges as well.
# Public Provident Fund (PPF)
Interest: 8 percent (at present)
Term: 15 yrs
(Maximum to be put away each year by allowing each member of the family income is Rs 70,000)
# Employees Provident Fund (EPF)
8.5 percent (currently): Interest
Term: until you retire
If you, Äôre employed employer Form16 you some time in March every year, it automatically from your end will account for EPF contributions. What you really need to take the total investible funds under section 80C of Rs 1 lakh loan fund their employee contributions, and that's what you do to maximize your tax savings should far.
Now, PPF and EPF should be first choice, right? Only long-term risk-free, tax-free guaranteed return products to use for a long term plan, is not it?
But two reasons you move to the next level of risk will encourage - a Rs 70,000 two and hat, long-term equity returns of 12-15 per cent are in the field. A good enough reason to have some equity products that come under Section 80 C to see
You can look at a special fund called the ELSS or equity savings plan you will gain 80 C associated with an equity investment. There is a 3 year lock in long-term capital gains is nil.
ELSS recommends:
# Birla Sun Life Tax Relief: 5-year return is 11.47 percent
# Principal Tax Savings: 5-year return of 13.91 percent ID
Another product you can buy ULIP, we certainly know that the Section 80C benefit all insurance plans. Even your humble term plan. But we are focused on ULIP schemes, because that is what you are buying. So here are the top 3 of Outlook Money ULIP returns a list of plans and 3 is the cheapest cost:
Where 60 percent or more on returns and the funds invested in Equities:
7.14 percent: - # Bajaj Allianz net share
# Kotak Mahindra - Kotak Aggressive 5.80 percent increase
5.79 percent: # ICICI Prudential Life Maximiser-II
3 Cheap ULIP funds
# Birla Sun 'Life Classic Life Premier: 1.93 (value%)
Aviva Life Freedom Life Plan #: 2.18 (value% - funds that charge out of managing your money)
# AEGON Religare Life protect the benefits of: 2.24 (value%)
Too much under its Section 80 C tax saving investment options recaps. Of course there are other tax deductions you can get.
So, here we suggest that AOS hope you and all your options early enough and March 31 next, giving you enough money to put them away, use the next 3 months reminded will.
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