Showing posts with label savetax. Show all posts
Showing posts with label savetax. Show all posts

16 December 2016

What is Equity Linked Saving Schemes (ELSS) ??

save tax
Equity linked saving schemes (ELSS), these schemes are open-ended growth schemes with a mandatory 3-year lock- in. These schemes offer the benefit of section 80(C) of IT Act, up to a maximum of Rs 150,000 
The main features of ELSS are - 
Repurchase: Repurchases are permitted after a period of 3 years.
Lock-in-period: The units under ELSS are prohibited from trading, pledging and transfer during the lock in period of 3 years.

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08 December 2016

why do i need health insurance ?

one can buy health insurance from any part of india

aarpamoney health 

Everyone is exposed to various health hazards. If you don’t have Health Insurance, you end up paying hefty medical bills in the event of hospitalization out of illness or injury from your own pockets. Effectively, this means that your savings would become nil. Or in case your do not have enough money for treatment; you may have to borrow and incur a debt for medical treatment. 

07 December 2016

Save Tax under section 80C in india

Various option are available to save tax under 80 C .

aarpamoney savetax

Under Section 80C a deduction of Rs 1,50,000 can be claimed from your total income .
This deduction is allowed to an individual or a HUF who files Return .

Few Investment Options to save tax 

  • ELSS
  • PPF
  • TAX Saving FD's
  • Life Insurance 
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