Learn about ELSS Mutual Funds, a tax-saving investment option in India. Understand how ELSS funds work and their benefits for long-term wealth creation.
If you are the kind who waits till the end of the financial year to start your tax investments, try a different approach this year. Start early to avoid last-minute hassles. By choosing the right kind of investment products you can save tax as well as earn good returns. ...
Tax saving: Tax saving funds or ELSS not only reduce tax liability, but have wealth creation potential too. Imagine this - after decades of hard work, you can finally retire comfortably without any financial worries. Your life's savings have grown enough to sustain you ...
Tax benefits (ELSS Funds) So as a beginner, how can you start investing in mutual funds? And what should you remember before beginning your investment journey? We’ll walk you through these questions and more in this blog. What Is A Mutual Fund?
So total tax that the employer will deduct will be calculated as follows: Details of TDS by Employer as shown in Form 16 will be as shown in picture below: TDS in Form 16 Part B of ITR-1 remains the same ITR1: Part B Part C for claiming deductions remains the same, it does not ...
If you are new to investing in equities, choose an equity mutual fund. If you invest to save tax under 80C,choose ELSS mutual funds. This will give you equity exposure + tax saving. The power of 3 Now let’s combine all the 3 scenarios above. You: ...
# The information given here is neither a complete disclosure of every material fact of Income-tax Act 1961 nor does it constitute tax or legal advice. Investors are requested to review the prospectus carefully and...
3) What would be the impact on tax returns that I filed from 2007 to 2015? 4) Once I comply on everything else, does it mean I can transfer my Indian accounts money to USA? If I would like to do that what would be right procedure?
Why it does not add much value when you invest in more mutual funds? Each mutual fund on an average invest in at least 50-60 companies. If you buy 3-4 mutual funds then you are anyways going to invest in close to 100 companies overall (considering there will be some overlaps). So ...
(simple average), but the second mutual funds B has higher standard deviation compared to A. What it means is that its more risky, the return range of B is higher. This is directly related to risk/reward. It’s very risky and very rewarding compared to mutual fund A. So it does not...