2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
8th March 2016, 02:06 PM
Super Moderator
 
Join Date: Apr 2013
Re: Investment plans For Tax Benefit

As you are asking for Investment plans free of text or tax saving , so here I am telling some option here :

Public Provident Fund
P. P. F., this tax saving option falls within the Section 80 C of the Income Tax Act in India
Benefits under Public Provident Fund (PPF)

The investor enjoys the rebate on his investment under section 80C of I.T. Act 1961
Interest income on PPF and the final amount is considered as tax free
Investment in small amounts can be made every year for a longer duration
Investments are fixed deposited for 15 years Balance amount held in Public Provident Fund is tax exempted from wealth tax
If one starts his/her PPF account in the year 2015, then the turn of events is shown as under. Starting from the seventh year one can reap the benefits of his/her PPF scheme.


Unit Linked Insurance Plans
Covered by the Income Tax Act's Section 80 C, U. L. I. P. is a unique blend of investment and insurance that gives a tax exemption of INR. 100, 000 per year.
Benefits under Unit Linked Insurance Plans

Investments under ULIPs are eligible under Section 80C of the Income Tax Act.
Maturity earnings from ULIPs are tax exempted


Equity Linked Saving Scheme
this is a kind of mutual fund that comes within the Income Tax Act Section 80 C.

Fixed Deposits
Fixed Deposits (FDs) are another popular tax saving option covered by the Section 80 C of the Income Tax Act.


Employee Provident Fund
Famously called E. P. F., this scheme offers a total yearly exemption of INR. 100, 000 as mentioned in the Income Tax Act Section 80 C

Post Office Saving Options

Recurring Deposit Account (5 Year)
Time Deposit Account
Public Provident Fund Account (15 year)
National Savings Certificate (VIII issue)
Senior Citizen Savings Scheme


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5. The time now is 05:36 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4