Monthly Archives: March 2017

Tax Free Gratuity limit is set to Rs 20 Lakh

Tax-free gratuity withdrawal limit to be Rs 20 lakh The tax exemption limit on gratuity is set to increase to Rs20 lakh Recently, the Ministry of Labour and representative of state governments, employees and employers agreed to increase the gratuity withdrawal limit to Rs20 lakh from the current ceiling of Rs10 lakh. The tax exemption… Read More »

Tax Free NRE FDs vs Debt funds for NRIs

They may be a little better than debt funds. Looking at a debt fund over a three year holding period, your tax liability will be the appreciation less indexed capital gains so your effective tax rate on the gains will be less than 10% after indexation. Considering debt fund returns of about 8% and 10%… Read More »

Sundaram Long Term Micro Cap Tax Advantage Fund Series

Sundaram Mutual Fund has launched Sundaram Long Term Micro Cap Tax Advantage Fund Series IV. The scheme seeks to generate capital appreciation over a period of 10 years by investing in equity and equity-related instruments of microcap companies. The minimum investment is `500 Please follow and like us:

Best Tax Saving FDs

Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds Application Forms For further information contact SaveTaxGetRich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com Please follow and like us:

IDFC Tax Advantage 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. This is a fund which has earned its stripes by beating… Read More »

Sundaram Long Term Micro Cap Tax Advantage Fund

Sundaram Mutual Fund has launched Sundaram Long Term Micro Cap Tax Advantage Fund. The scheme seeks to generate capital appreciation over 10 years by investing in equity and equity-related instruments of companies that can be termed as micro-cap and from income tax benefit available. The minimum Investment Rs 500 Please follow and like us:

NSCs for Tax Saving

After spending several years in the doghouse, this popular tax-saving instrument is back in the limelight. While banks have cut interest rates on tax saving FDs, small savings schemes (including NSCs) have been spared. At 8%, the five-year NSCs are offering close to 75-100 basis points more than what fixed deposits give. Also, unlike PPF… Read More »

Form 15H

A senior citizen can submit Form 15H to the bank only if the final tax on the computed income as per the provisions of the Income Tax Act is nil A senior citizen can submit Form 15H to the bank only if the final tax on the computed income as per the provisions of the… Read More »

Equity Linked Savings Scheme (ELSS)

ELSS Funds   ELSS Funds are tax saving mutual fund that is eligible for Section 80C benefits along with the other investments listed, for a maximum amount of `1.5 lakh a year. ELSS is an equity portfolio that invests in a diverse set of equity shares. It can hold some cash defensively, but is… Read More »