Time flies...but it's not too late to save tax. You can create wealth too!
Paying tax on hard-earned income is painful.
For the financial year ended on 31 March 2020,
if taxable income is INR 5,00,000 then no tax;
if taxable income is INR 5,01,000 then tax will be INR 13,208.
You still have time until the end of this month, to reduce your taxable income by up to INR 1.5 lakh under section 80c of the Income Tax Act, in case you have not already done so.
Individuals and HUFs can avail of this benefit.
Tax-saving investment options include:
- Fixed deposits
- PPF - Public Provident Fund
- NPS- National Pension System
- NSC - National Savings Certificate
- ULIP- Unit Linked Insurance Plans
- ELSS Mutual Funds
According to your
- age,
- risk profile,
- and other investment objectives;
- Greater opportunity to create wealth
- Less lock-in period
- Low tax on income from
Be proactive. For the current financial year also, start today.
Don't run at the last minute and make decisions in a hurry.
You may contact me in case you need to ask or tell me something. I am waiting to hear from you.
Stay home! Stay safe!
Thank you very much for your time!
With respect,
Aaditya Chhajed
CA, CFA(US) All Levels Cleared, MCom
Aaditya Chhajed
CA, CFA(US) All Levels Cleared, MCom
E: chhajedaaditya@gmail.com
M: +91-9404055222.
M: +91-9404055222.
Instagram: @chhajedaaditya
Aaditya is the founder of Aaditya Chhajed Financial Advisory Services, a Financial Planning and Wealth Management Firm.
He loves helping family, friends, and, clients make better financial decisions. He believes learning is perpetual.
He loves reading books, traveling around the world.
He is a commerce postgraduate and Chartered Accountant. He has also cleared all levels of CFA(US) in the first attempt.
Investors should seek the advice of their financial advisor prior to making any investment decision based on this report or for any necessary explanation of its contents. Future estimates mentioned herein are personal opinions and views of the author. This post is not a recommendation to buy or hold or sell securities. Investments are subject to market risks. Please read all scheme related documents carefully.
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