Often we come across well drafted adverstisements and commercials at the most innocous of all places. Many of us end up falling prey to some smart admen’s near perfect product or advertisement placement. **Tax saving of Rs 33,990 + Rs 9,000 Life Insurance Premium. But, you don’t have to invest an entire lakh. For example, if your taxable income is Rs. 1,70,000, you would need to invest just Rs. 20,000 in a tax saver to reduce your taxable income to Rs. 1,50,000 and drop your tax to zero! Continue reading »
Filed under 80C …
ELSS SCHEMES COMPARISION-16 MAY 2008
ELSS Schemes Performance Comparision-May 2008. Investments in Equity Linked Savings Schemes, popular mode of investment for tax planning purposes has increased over the period of years. Below is the comparision of some of the schemes. All investments in this category of mutual funds are eligible for tax rebates and have a lock in period of … Continue reading »
JM Financial Tax Gain Fund
The JM Tax Gain Fund, an Equity-linked Saving Scheme (ELSS). The Investor benefits in three ways 1) Enjoys tax benefits under Sec 80C of the Income Tax Act 1961. Investment made in the scheme will qualify for a deduction from gross total Income upto Rs. 1 Lakh. 2) Allows his investment to benefit from the … Continue reading »
