Tax-saving funds – What is in it for you?

You have a choice of several investments under Section 80 C which help in trimming tax payouts. Among these is ELSS, or, Equity-Linked Savings Schemes or otherwise called tax-saving funds.  Investments in these funds fetch you tax deduction from your income up to R 1.5 lakh. That means a tax saving of up to Rs 45,000 a year. Here’s a recap of what these schemes are and how they help… Read more »

Save taxes smartly

Have you ever thought about why you do your tax-saving investments? To save taxes of course, you might say! That, to my mind, is incidental. Do you know that a major chunk or perhaps the entire portion of your annual savings goes in to tax saving? And for many, there is no other significant saving avenue other than tax-saving investments. That makes it vital that you are ‘saving’ in good… Read more »

The investments that get you deductions under Section 80 C

Reducing taxes as much as possible is at the forefront of our minds. The all-powerful Section 80 C offers the best way to this, as most of you know. But what are the ways to utilise the Rs 150,000 worth of deductions that the section provides? Broadly, deductions under Section 80C fall into three groups – those based on investing, those based on protection, and those based on spending. For… Read more »

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