All while saving tax. Section 80C Section 80D Section 80C Find our solutions that can help you save up to INR 46,8001 in taxes Options to help you save tax – ELSS and Life insurance WHAT IS ELSS? Equity Linked Savings Scheme (ELSS) are a special category of mutual funds which...
Introduction Saving is a valuable habit that everyone should develop from a young age. The best place to keep your savings is in a government-recognized bank. Nowadays, banks offer a variety of savings accounts tailored to different needs. For example, you can choose from regular savings account...
To study the planning of individual income tax and tax saving instruments of individual income tax. By doing so they can plan in advance about their Tax savings instrument. Tax planning is an essential part of our financial planning. Efficient tax planning enables us to reduce our tax liability...
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961. ...
Non-Resident External (NRE) Savings Account:This is ideal for storing profits in foreign currencies. You can freely repatriate both the initial amount and the interest produced on non-resident accounts (NREs) without facing any tax ramifications. Interest earned on NRE accounts is ...
Features of the Equity Linked Saving Scheme fund: Tax deduction upto ₹1, 50,000/ year under section 80C. 3 years Lock-in period No upper limit to invest in ELSS Only tax saving fund with the inflation-potential returns ELSS investment has two benefits- Tax saving and wealth growth ...
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And if you’re thinking about opening an account in India, theWise accountcould be a convenient and money-saving option. ATMs in India ATMs are widely-used in India. You will find them at airports or in large urban areas. They are usually the best way for you to take out money. ...
Thus, I argue that, for a sub group of the population, the tax subsidized saving policy can effectively induce more private saving.doi:10.2139/ssrn.3020062Sumit AgarwalSouphala ChomsisengphetPulak GhoshMan ZhangSocial Science Electronic Publishing...