Posts in Category: tax planning

Post Office Sukanya Samriddhi Yojana (SSY): Scheme Details, How to open An Account

Sukanya Samriddhi Yojana is a govt scheme for the girl Child however very few people know that sukanya samriddhi account can be opened in post office as well. We discus about Post office Sukanya Samriddhi Yojana Scheme Details, how to open an account and tax benefits in this blog.

Gender discrimination is one of the grave problems we all face in India. In India where education of male child is given priority and where wedding expense

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Post Office NSC : Interest Rate Chart, Taxation Benefit, Calculator

Post Office NSC or National Savings Certificate is a popular investment vehicle. In this post, we look at NSC interest rate chart, Tax Benefits and interest rate calculation. NSC has been into market since early 1950s’. The NSC during the beginning was issued with an intention to raise money for helping the development of India. The transition of NSC from fund generating investment scheme to tax saving investment scheme was much later.

Now-a-days NSC is a

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Mutual funds for 80c benefits

Mutual funds for 80c benefits also called ELSS or tax saving funds are one of the most prominent and lucrative investment options to save taxes as well as grow money. Primarily because the have lowest lock-in period amongst the 80c investment options and have historically delivered best returns

Overview of 80C returns

A lot of people start sweating and running away by the name of income tax. If you are also one amongst those who

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RGESS: Rajiv Gandhi Equity Saving Scheme:

RGESS is an acronym for Rajiv Gandhi Equity saving scheme. RGESS is a tax saving scheme started by the government of India in 2012. A key aim of the scheme was to provide incentives to first-time investors in capital markets. The scheme as such provides tax incentives for first-time investments in capital markets.

Eligibility for investing in RGESS

Below are the key eligibility criteria for investing in RGESS

  1. You should be an Indian resident
  2. Your annual income should not

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What is ELSS : meaning and features

One of frequent question I get from readers is What is ELSS? so let me start with the answer upfront.

“ELSS means Equity linked saving schemes.These are saving or investment schemes which invest majorily is equity assets. ELSS schemes are essentially a diverisfied mutual funds. Popularity
of ELSS schemes stems from the fact that investments made in ELSS are tax deductible under section 80C.”

Here is a Video to help you understand ELSS better