Tax Saving

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Tax Saving
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Tax Saving Plans
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• For the average middle-class salaried employee,
  investments are a very scary concept and many
  people can actually lose their money while
  investing. However, with the introduction of
  mutual funds, small investors can put their money
  into a large market where the risk of losing
  money is fairly low. Investing in mutual funds is
  one of the ways in which a person can invest
  without the fear of losing too much money. Along
  with investing, there are certain Tax Saving
  mutual funds, which exempt investors from paying
  a certain portion of their income tax. There are
  several mutual funds available in the market,
  some giving better returns than others. While
  looking up on the different options available to
  you, it would be best to choose an option that
  allows for tax exemption. This way, investments
  not only help you earn money, they also help you
  save a certain amount of money.

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• Apart from mutual funds, there are certain other
  investments that also help in saving on taxes. A
  Public Provident Fund (PPF) is one of the ways in
  which people save on their taxes. With a maximum
  investment of one lakh per year, people can get a
  tax-free return at the rate of 8.80 per year.
  Fixed deposits are one of the

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• simplest ways in which a person can invest their
  money, and it also allows for certain tax
  rebates. However, the amount would be on
  lock-down for a minimum of 5 years, and the
  interest earned on a fixed deposit would be
  taxable. Investing in life insurance and medical
  insurance is another way in which people can save
  on their taxes.

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• Tax Saving may seem like a good idea in theory,
  but each investment or fund or policy comes with
  their own terms and conditions. Certain
  investments are required to be kept for a certain
  period of time to be able to get the taxation
  benefit, and there is also a maximum amount that
  can be invested in some policies to be able to
  avail of a tax benefit. Apart from mutual funds,
  insurance policies and fixed deposits, there are
  also National Saving Certificates (NSC), Post
  Office Time Deposit Schemes and Term Deposit
  Schemes from Government Companies, all of which
  have certain tax saving benefits. Always be sure
  to read how the policy works, as well as how you
  can save on tax while making such an investment
  before finalizing where you want to put your
  money. All investments have a certain risk
  factor, so be sure to read all the policy details
  and make yourself aware of any risks before
  investing.
• Source-http//bit.ly/2pVArSd

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