Investment For Tax Saving ~ Indeed recently is being hunted by consumers around us, maybe one of you. Individuals now are accustomed to using the internet in gadgets to view image and video data for inspiration, and according to the name of this post I will discuss about Investment For Tax Saving. Equity linked saving schemes. 1 5 lakhs tax saving mutual funds elss ppf nps 80ccd 80d. Investment options under sec 80c the most popular tax saving options available to individuals and hufs in india are under section 80c of the income tax act section 80c includes various investments and expenses you can claim deductions on up to the limit of rs. An equity linked saving scheme elss is the only pure equity investment vehicle available in the section 80c tax basket. For instance the maximum amount in the fiscal year is rs 1 5 lakh which is the cap for investment in tax saving under section 80c. Equity linked savings schemes elss start investing at least 10 of your annual income in a pension fund like. 75 000 and section 24 claims deduction up to rs. The article aims to present a comparative analysis of popular tax saving options available in india. This is a mutual fund scheme that invests at. A tax saving fd comes with a lock in period of 5 years but. As compared to the other tax saving investments senior citizen saving scheme offers the highest interest rate of 8 7 per annum and ensure a guaranteed return to the investors. Unit linked insurance plans ulips or wealth plans from max life. Investors may get confused while picking the right fit of tax saving investment for them. Under this tax saving investment the deduction of up to rs1 5 lakhs is applicable for tds under section 80 c of income tax act. There are multiple investment options available in the market to save tax such as mutual funds elss 5 year bank fds ppf ulips nscs and nps. Tax saving how to income tax saving for fy 2020 21 tax saving is the best options for investment like section 80c offers rs. 1 5 lakh in a financial year. Allocate at least 20 of your annual income to market linked investment options which offer eee benefits. Equity linked savings schemes elss are diversified equity mutual funds with two differentiating features one investment amount in them qualifies for tax benefit under section 80c of the income tax act 1961 up to a limit of rs 1 5 lakh a year and secondly the amount invested has a lock in period of 3 years. 2 lakh for the interest on the home loan.
A tax saving fd comes with a lock in period of 5 years but. An equity linked saving scheme elss is the only pure equity investment vehicle available in the section 80c tax basket. Equity linked savings schemes elss start investing at least 10 of your annual income in a pension fund like. If you re looking for Investment For Tax Saving you've arrived at the perfect place. We ve got 12 graphics about investment for tax saving adding images, pictures, photos, backgrounds, and more. In these page, we also provide variety of graphics available. Such as png, jpg, animated gifs, pic art, logo, black and white, translucent, etc.
For instance the maximum amount in the fiscal year is rs 1 5 lakh which is the cap for investment in tax saving under section 80c.
1 5 lakh in a financial year. 1 5 lakh in a financial year. Unit linked insurance plans ulips or wealth plans from max life. 1 5 lakhs tax saving mutual funds elss ppf nps 80ccd 80d.