Monthly Archives: February 2017

Understanding Equity Mutual Funds

Equity Mutual Funds Online You give money to a fund, which it invests in stocks. The gains or losses, whatever they may be, accrue to you. Equity funds are that simple Expenses: Clearly, a mutual fund is a business and not a charity. It must be taking some money from you in order to meet… Read More »

Birla Sun Life Tax Plan Online

Invest Birla Sun Life Tax Plan Online An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment. After a bad patch from 2008 to 2010, Birla Sun Life Tax Plan has made a big comeback in the last five years, with a… Read More »

Your Kids can Reduce your Income Tax

INVEST IN THE NAME OF MINOR CHILD If you invest in your minor child’s name, the income earned will be clubbed with your income and taxed under the clubbing provision. However, you could avail of a small exemption of `1,500 per child, per year for a maximum of two children. This means, you can invest… Read More »

Invest in ELSS for 2017 Tax Saving

ELSS Finds (Equity Linked Savings Schemes) allows investors to claim a deduction up to Rs. 1,50,000 under section 80C of Income Tax Act. ELSS products stand out among other tax saving options, given its potential for superior Wealth Creation in addition to the taxation benefits. Also the entire proceeds are tax-free after the completion of… Read More »

Tax on Postal Savings Accounts

Interest from postal savings accounts is also taxable Interest income of up to Rs 10,000, earned from all the savings bank accounts, either with a bank or banking company or with a cooperative society engaged in banking business, or a post office is exempt from tax After the government demonetized Rs 500 and Rs 1,000… Read More »

Save Tax & Get Investment Proof Instantly

*To save tax up to Rs 46350, Individual and HUF having taxable income of less than 1 Crore can invest up to 1.5 lakhs under the ELSS scheme during the FY 2016-17 as per provision of Section 80C of the income tax act 1961 (includes applicable cess). Tax saving will be proportionately reduced subject to… Read More »

INVESTING IN ELSS TO SAVE TAX

Investing ELSS Funds Online to Save Tax Equity Linked Savings Schemes (ELSS) are a special category of equity mutual fund. Investments in these funds are allowed by the government for tax saving purpose under section 80C of the Income Tax Act. To continue to enjoy this special status these schemes have to invest at least… Read More »

Top ELSS Funds of India

Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 – 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3.… Read More »

IDFC Tax Advantage Fund – ELSS Fund

IDFC Tax Advantage scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments. The IDFC Tax Advantage Fund which has earned its stripes by… Read More »

Save Tax & Get Investment Proof Instantly

*To save tax up to Rs 46350, Individual and HUF having taxable income of less than 1 Crore can invest up to 1.5 lakhs under the ELSS scheme during the FY 2016-17 as per provision of Section 80C of the income tax act 1961 (includes applicable cess). Tax saving will be proportionately reduced subject to… Read More »