Section under save Best to options 80C tax investment


InvestmentYogi: Tells you all about Income Tax section 80C and various investment options and deductions available in easy to understand graphical formatAs the end of financial year approaches investors are suddenly woken up to the existence of Income Tax department. Best investment options under Section 80C to save tax This tax exemption is available across individual tax slabs.

If you earn Rs 4 lakhs per annum and make investments of Rs 1 lakh in metatrader for mobile phones low prices instruments then the taxable amount will be Rs 3 lakhs. It is not at all complicated and the following chart simplifies even mFrom this financial year, tax limit on 80C deduction has been increased from Rs 1 lakh to Rs 1.5 lakh.

One can plan and invest to take maximum benefit out of the enhanced limit. Here are some best tax saving instruments you could conider for FY 2014-15 which can help you in saving tax as well as provide you with better returns. Public Provident FundThis is one of the best options available under Sec 80C. Investing in this will benefit you from tax as well as it can act as retirement fund. PPF offers interest rate of 8.7 per cent per annum. The interest rate is changed every year by the government of India.

A minimum deposit of Rs 500 must be made during one whole financial year. The maximum that could be deposited is Rs. 150,000 in a financial year.Click to know the list of banks offering PPF AccountELSS Tax Savings SchemeEquity linked savings scheme (ELSS), comes with a lock-in period oBuy Online New Car Insurance 2 Wheeler Insurance Calculators HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Tax Impact Calculator Homeloan Refinance Calculator Retirement Savings Calculator.

With less than three months to go before this fi nancial year ends, investors are in a rush to save tax, and submit tax declarations to their accounts departments. Wealth managers say there is a general aversion to equity-linked tax-saving products among investors in the last-minute rush to invest because of the turmoil in the stock market. They say those averse to risk could opt for safer instruments such as public provident fund (PPF).

One can invest up to Rs 1,50,000 in a financial year and save tax under Section 80C of the Income Tax Act. These and other oThere are various options to save tax under section 80C of the Income Tax Act. Tax Saving Investment OptionsLooking at the above chart, we see that ELSS is the only option that has minimum locking period of 3 years for saving tax. The 5-year locking period tax saving options either has taxable returns or is an ULIP (More about ULIPs here).

So the only investment option that suits my style of tax saving is ELSS ( Equity Linked Savings Scheme)Now we have seen that ELSS as best time criteria investment option. Now let us see how it is one of the best amount criteria option as well. But, one needs to do proper planning instead of recBuy Online New Car Insurance 2 Wheeler Insurance Calculators HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Tax Impact Calculator Homeloan Refinance Calculator Retirement Savings Calculator.

The Budget has raised the deduction limit. You can open an account in a post office branch or a bank. The maximum investment of Rs1.5 lakh in a year can be done as a lump sum or as instalments on any working day of the year. Just make sure you invest the minimum Rs 500 in your PPF account.




Section under save Best to options 80C tax investment

Section under save Best to options 80C tax investment