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Showing posts with the label #taxplanning

It's not too late...Save Tax (Create Wealth too!)

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; we can help you to  choose investment(s) which benefit you in terms of: Greater opportunity to create wealth Less lock-in period Low tax on income from Be proactive. For the current financia...