EQUITY LINKED SAVING SCHEME
- BEST TAX SAVING INSTRUMENTS IN INDIA
- TAX SAVING THOUGH INVESTMENTS
- TAX SAVING INVESTMENT OPTIONS
- REGULATORY OVERSIGHT
- OPEN ACCOUNT
- VIEW STATUS OF MY ELSS INVESTMENTS
- JUST FOR INFORMATION
Best Tax Saving Instruments in India
Hard-working professionals and businessmen are always on the lookout for the best tax saving investments to derive maximum benefits from their investments. At www.investmentz.com, we bring you the opportunity to invest in top tax saving mutual funds and other tax saving investment options in India. Investing in tax saving schemes not just reduces your tax liability but also help you meet various personal financial goals in your life. Learn how to save Income Tax in India as well as carry out your retirement planning by investing in the following tax-saving instruments.
Tax Saving though investments
Government of India allows Indian citizens a tax rebate if investments is made in specific instruments. There is a ceiling on benefit that can be availed of in a tax saving instrument. This is provided under the Income Tax Act 1961.
Tax saving investment options
Tax Saving Mutual Fund - Equity Linked Investment Scheme (ELSS)
These schemes are issued by Mutual Fund where it is specified upfront that this is a Tax saving scheme.
The difference between regular scheme and this is that the scheme is registered with Income Tax department a an ELSS Scheme. Hence investment therein gives a rebate.
Maximum investment allowed in this fund is Rs. 1,50,00 per year.
The amount is locked in for a period of 3 years
Rs. 46,350 will be rebate available on Income tax is rs. 1,50,000 is invested.
Dividends received from the fund as well as profit on the investment after a period of three years is tax free to the extent of Rs. 1,00,000
Investments in ELSS are subject to price risk in the stock markets. Performance of Top performing ELSS are given here
These investments cannot be encashed for a period of 3 years. Even in case of investor death, nominee has also to wait for redemption till completion of 3 years. At the end of three years you may choose to continue to hold the investment
Instant tax rebate of 30% is the biggest return. Please see list of top performing ELSS schemes to see the performance
Securities and Exchange Board of India (SEBI) is the authority that regulates the framework of Mutual Fund functioning. There is no guarantee on returns but SEBI ensures that the investments are made as per rules.
Just for information
Section 80C of Income tax act permits this deduction, there are other classes of investments also under this section, namely LIC Premium, PPF,etc , If you have investment in other products e.g. You are regularly paying LIC premium then your investment in ELSS will be exempt to a reduced extent