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Tax saving plans in india 2015

WebApr 18, 2024 · Section 80C of the Income Tax Act 1961 (“IT Act”) is one of the most recognised sections which allows both individuals and Hindu Undivided Family (“HUFs”) to claim a cumulative deduction of up to Rs. 150,000 p.a. for certain specified investments … WebDec 24, 2015 · Birla Sunlife Tax Plan; TATA India Tax Savings Fund; ... HDFC Tax Saver Fund is missing from the list when compared to my top 10 2015 list. Kindly note that ICICI Pru Tax Plan has been renamed as ICICI Pru Long Term Equity Fund. Top 6 Best ELSS Mutual Fund Schemes for SIPs or Lump Sum Investments in 2016.

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WebFeb 5, 2024 · Some of the top ELSS tax saving mutual funds are Reliance Tax Saver fund, ICICI Pru Tax Plan, Franklin India Tax Shield fund etc. You can refer top ELSS Tax Saving Mutual funds for 2015 article for more info. This is one of the best investment plans with … WebDec 18, 2024 · The most popular tax-saving options available to individuals and HUFs in India are under Section 80C of the Income Tax Act, Section 80C includes various investments and expenses you can claim deductions on – up to the limit of Rs. 1.5 lakh in … e. Tax Implications. Section 80C of the Income Tax Act of India, 1961, allows tax … Like any other tax-saving investment option, ... You may invest in direct plans of equity … ITR Filing for FY 2024-23 (AY 2024-24): e-Filing of Income Tax Returns online made … Invest as low as ₹500 monthly in SIP and avoid last minute tax-saving hassle. … Go to the tax information network of the income tax department and click on … boba kit south africa https://bassfamilyfarms.com

Popular Tax Savings Investment Schemes in India - Kotak Life

WebAug 5, 2024 · Find 7 best tax-saving schemes and plans in India for 2024 under Section 80C of the Income Tax Act and the factors to consider before purchasing tax-saving products. WebMar 21, 2024 · Most people are aware of claiming tax deduction of Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961. The right tax-saving investments help most taxpayers, including salaries individuals ... WebGreetings! A Chartered Accountant with more than 10 years of experience in the field of taxation and allied areas. Helping business owners, start-ups and high net-worth individuals with tax preparation, tax planning, tax savings suggestions, bookkeeping and business consulting. My core competency lies in Tax compliance and incorporation services like : C … boba kits costco

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Category:How to Save Tax for Salary above 15 Lakhs in India? - Canara …

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Tax saving plans in india 2015

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WebMar 1, 2024 · Given below are a few details of the prominent tax saving options under the old tax regime ... India is hugely dependent on the tax revenues from the direct tax and the corporate tax to meet ... Best Online Tool for mutual fund Systematic Withdrawal Plan & … WebFeb 15, 2024 · Short-term capital gains in equity funds are taxed at a rate of 15% plus a 4% cess if units are sold before one year has passed. The long-term capital gains tax rate for equities funds is 10% plus 4% cess if the gain within a fiscal year exceeds ₹1 lakh. Long …

Tax saving plans in india 2015

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WebFeb 17, 2024 · Tax saving instruments and sections therein : 1. Fixed deposit. You can save tax by investing in tax saver Fixed Deposits which can fetch you tax deduction under section 80C of the Indian Income Tax Act, 1961. You can claim a deduction of a maximum of … WebSep 29, 2024 · For 2024, the NSC rate of interest is 6.80% compounded annually, making it a good small savings investment scheme. By investing in NSC, you can enjoy the benefits of tax savings and accrued interest under Section 80C of the Income Tax Act, up to a …

WebFeb 15, 2024 · If an individual opts for the old tax regime in current FY 2024-23 (ending on March 31, 2024), then he/she can continue to claim tax-exemptions and deductions. The old tax regime allows an individual to save income tax via various deductions and tax … WebTax Saving Mutual Funds, also known as (Equity Linked Savings Schemes) ELSS, are a type of Equity Mutual Fund that offers tax saving benefits under Section 80C of the Income Tax Act. So, investments made into a tax saver mutual fund can provide tax deduction benefit …

WebApr 11, 2024 · Moreover, the minimum investment should be ₹1000, and the maximum should be ₹30 lakh. The amount you invest in SCSS is eligible for a tax deduction of ₹1.5 lakh under Section 80C. Now, there is a good part and a bad part about the tax imposed … WebJan 4, 2024 · 2. Unit Linked Insurance Plan (ULIP) The ULIP Life Insurance Plan is one of the most important tax saving schemes in India. It ensures that a person’s family is financially secure in the event of death. By purchasing a life insurance policy, the taxpayer can avail of the benefit under the income tax act.

WebHow to Save Income Tax in India – Tax Saving Guide Section 80C. Section 80C is the most popular section of the Income Tax Act of 1961 in India. This section contains a large portfolio of investments you can use to save tax. Many of these investments can also …

WebPradhan Mantri Jan Dhan Yojana (PMJDY) Sovereign Gold Bonds (SGBs) National Savings Scheme (NSC) Public Provident Fund (PPF) Government Securities. 1. Sukanya Samriddhi Yojana (SSY) Sukanya Samriddhi Yojana, shortly known as SSY, is one of the best … climbing high mountains trying to get homeWebIndia and help you save tax and your hard earned money This deck would be continuously updated based on your feedback This deck has been updated based on changes proposed in Budget presented on February 2015 This presentation (deck) is quick and simple "know … bob akinsola serie on abcWebDec 21, 2024 · 7.Ladli Laxmi Yojana of Madhya Pradesh. The Madhya Pradesh Ladli Laxmi Yojana is a government-sponsored girl child scheme that seeks to improve the status of girl children and women in the state. The plan was introduced in 2006 and aims to prevent social ills such as child marriage and female foeticide. climbing hills of great help to healthWebFeb 14, 2024 · 10 Best ELSS Funds 2024 – Tax Saving SIPs Detailed Overview 1. Quant Tax Plan – Direct Plan – Growth. Quant Tax Plan – Direct Plan is one of the best tax saver SIP plans which invests in domestic equities at a rate of 99.89%, with 63.33% in large cap … climbing hill iowa countyWebSep 21, 2024 · For example, you earn ₹8 lakhs annually and do not get HRA, but pay a rent of ₹16,000 per month, i.e. ₹1.92 lakhs in a year. As per the first condition, you can avail of a tax exemption of ₹60,000. According to the second condition, the permissible deduction … bobak orthodontistWebJan 7, 2024 · This scheme is one of the best retirement saving plans in which a person in the age group ... Rs 1.5 lakh under section 80C of the Income Tax Act. National Savings ... the year 2015, ... climbing high farmsWebFeb 18, 2024 · Launched on September 21, 2005, Reliance Tax Saver has a maximum rate of return of 30.59% for the one year plan. The scheme has maximum returns in the one year, three year and five-year plans. climbing high nursery oakham