As the financial year draws to a close on March 31, taxpayers are focusing on maximising their savings through investments under Section 80C of the Income Tax Act. Among the various options available, ...

Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if you are a first-time investor in equity mutual funds.

NPS: For a Tier-I account, you must contribute a minimum of Rs 500 to open it and a minimum of Rs 1,000 per financial year to ...

ELSS investments require a long-term commitment of at least seven years. Illustration: Dominic Xavier/Rediff.com About three-fourth of taxpayers filed their income-tax returns for 2023-2024 under the ...

Tax Savings: Under Section 80C, a deduction of up to Rs 1.5 lakh is available, which can save tax. Shortest lock-in period: While PPF has a lock-in period of 15 years and FD has a lock-in period of 5 ...

Unlike other investment schemes, ELSS doesn’t require investors to make recurring investments and has only three years of lock-in. Q. I am a 25-year-old private bank employee working in Delhi. I was ...

To secure a bright future for your child, it is essential to make savvy investment decisions that not only enhance their savings but also mitigate tax obligations. Are you aware of any tax-efficient ...

The deadline for availing of tax-saving benefits is March 31st. Complete your investments and payments before this date to maximise your savings. Employers encourage tax planning every year, yet many ...

For salaried professionals in India, choosing the right investment options is crucial not just for wealth creation but also for securing tax benefits and ensuring a stable financial future. From ...

Tax season can often feel like a challenge, especially when your goal is to maximise your hard-earned savings. Thankfully, the Income Tax Act is packed with provisions that can substantially lighten ...