Indian investors gives more preference to LIC or ULIP insurance plans. They think it is safe and government handles their money. But it is not efficient way of securing your family expenses and risk cover. There is better alternative to insurance plans or ULIP linked insurance plans. Smart alternative is Term insurance + Tax saving Mutual funds. Plan your risk ...
Income tax slab for India is defined based on yearly income. Existing tax slab is 0%, 5%, 20% and 30% based on yearly salary. In this blog, we will discuss how to pay zero tax by proper tax planning and investments. Up to Rs.2.5 lakh ...
Every year we are doing investment and tax planning. Before invest the money to grow or planning for tax saving, understanding the basic difference between investment instrument is important. We are investing the money to get better returns. The actual profit should be calculated by return from the investment – Tax on that investment. Simply looking the return from the ...
In India, section 80C allows 1.5 lakhs from gross total income for investments, insurance and specified expenses. This 1.5 Lakhs is non taxable to encourage saving and investment among Indian citizens. The eligible investments include life insurance, Equity Linked Savings Schemes (ELSS) mutual funds, Public Provident Fund (PPF), National Savings Certificate (NSC), etc., while expenses and outflows can include tuition ...