Tax Saving Investment
Protection for your family along with Tax Savings!
To the survival of the state, Taxes are one of the essential instruments. A person who has income above the prescribed basic exemption limit is liable to file an Income tax return for the fiscal year, regardless of the tax liability. You have various options to reduce your Income-tax liability. These are called ‘Tax Saving Instruments.’
Tips for Better Tax-Saving Plan
Tax saving is a benefit you can avail of for selective investment options and expenses. You need to invest money to achieve your financial goals. The following are tips that help you plan your taxes better.
Tax Saving Investment Quote
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Some of the top free investment is the Public Provident Fund, Senior citizens Saving Plan, National Pension Plan, Employee Provident Fund.
To save Tax you should invest in: Public Provident Fund, Fixed Deposit, National Saving Certificate, Unit Linked Investment Plan, Equity Linked Saving Schemes, Life Insurance, Senior Citizens Saving Scheme.
There is no limit of tax-free investment can one have.
You can invest in a Tax-saving plan to save your Tax.
You can claim a tax deduction up to Rs.1 lack 50 thousand towards the premium as you pay under section 80C of the IT Act, 1961.
Investments come under Section 80C of the IT Act:
Public Provident Fund, Fixed Deposit, National Saving Certificate, Unit Linked Investment Plan, Equity Linked Saving Schemes, Life Insurance, Senior Citizens Saving Scheme.
You can reduce your tax legally by investing in Government approved Tax-free investments.
The maximum limit of investment under Section 80C is Rs.1,50,000.
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