ELSS

I want to invest for my child’s future and studies with tax-efficient options falling under EEE and ELSS categories

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I want to invest for my child’s future and studies with tax-efficient options falling under EEE and ELSS categories

To secure a bright future for your child, it is essential to make savvy investment decisions that not only enhance their savings but also mitigate tax obligations. Are you aware of any tax-efficient investment options falling under the EEE (Exempt-Exempt-Exempt) structure and equity-linked savings schemes that provide substantial tax advantages? Advice by Niyati Shah, Vertical … Read more

Mutual fund investment: This fund turned Rs 1,000 SIP into Rs 1.4 crore in 32 years; check details

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Mutual fund investment: This fund turned Rs 1,000 SIP into Rs 1.4 crore in 32 years; check details

The SBI Long Term Equity Fund, formerly known as the SBI Magnum Taxgain Scheme, is an Equity Linked Savings Scheme (ELSS) offered by India’s largest fund house. With a history of 32 years, this tax-saving fund is one of the oldest of its kind in India, featuring a 3-year lock-in period and tax benefits for … Read more

Tax saving for FY25: Tax-Saving FDs offered by banks vs PPF, SCSS for financial year-end planning

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Tax saving for FY25: Tax-Saving FDs offered by banks vs PPF, SCSS for financial year-end planning

As the financial year 2024-25 approaches its conclusion, many investors are evaluating tax-saving options to optimise their portfolios. Among the popular choices are fixed deposits (FDs), Public Provident Fund (PPF), and the Senior Citizens Savings Scheme (SCSS), all of which are eligible for deductions under Section 80C of the Income Tax Act, 1961. These instruments … Read more

ITR filing 2025: Not Rs 12.75 lakh, this is the tax-free income for AY2025-26; check details

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ITR filing 2025: Not Rs 12.75 lakh, this is the tax-free income for AY2025-26; check details

ITR filing 2025: The NDA government 3.0 introduced a major income tax relief for the salaried class in the Union Budget 2025. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced that individuals will not have to pay any income tax on total earnings up to Rs 12 lakh. This translates to an average monthly … Read more

Budget 2025: Tax deductions, exemptions under New Tax Regime and Old Tax Regime for FY2025-26

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Budget 2025: Tax deductions, exemptions under New Tax Regime and Old Tax Regime for FY2025-26

Tax calculations: The Centre has once again aimed to enhance the appeal of the New Tax Regime by introducing lower tax rates and reducing deductions. This restructuring aims to simplify taxation, while the Old Regime continues to provide tax benefits through various exemptions and deductions. The proposed income tax slabs in the Union Budget 2025 … Read more

Crorepati formula: Rs 10,000 SIP in these funds can give you Rs 1 crore + tax benefits; check details

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Crorepati formula: Rs 10,000 SIP in these funds can give you Rs 1 crore + tax benefits; check details

An Equity-Linked Savings Scheme (ELSS) is a type of mutual fund that provides tax benefits under Section 80C of the Income Tax Act, 1961. By investing in ELSS, individuals can avail tax deductions of up to Rs 1.5 lakh annually. ELSS mutual funds have the potential to generate higher returns compared to other Section 80C … Read more

Union Budget 2024: Experts call for enhancement of deduction limit under 80C, simpler terms for capital gains tax

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Union Budget 2024: Experts call for enhancement of deduction limit under 80C, simpler terms for capital gains tax

Budget expectations: When it comes to yearly tax savings, Section 80C is one of the widely used tools for salaried individuals and Hindu Undivided Families (HUFs). Under Section 80C of the Income Tax Act, salaried individuals and Hindu Undivided Families (HUFs) are entitled to income tax benefits of up to Rs 1.5 lakh by investing in … Read more

Union Budget 2024: Will the Section 80C deduction limit be increased in the 2024 Budget?

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Union Budget 2024: Will the Section 80C deduction limit be increased in the 2024 Budget?

ITR filing: When comes to choosing appropriate tax regime for tax calculation, Old Tax Regime is still preferred by many. Old Tax Regime offers various deductions that can help taxpayers save more taxes. The deduction under section 80C of the Income Tax Act is a tax-saving provision that is available exclusively to individuals and Hindu … Read more

Playing smart! Mutual fund investors booked profits at high but raised the bar on SIPs

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Playing smart! Mutual fund investors booked profits at high but raised the bar on SIPs

NEW DELHI: When the market hit all-time record high levels as FII dollars started flooding Dalal Street in November, what did mutual fund investors do? They seemed to have acted smart by taking some profits off the table but didn’t forget the time-tested formula of investing in a staggered manner for long-term returns. Mutual fund … Read more

Where to deploy short-term money? 4 financial instruments to park funds

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Where to deploy short-term money? 4 financial instruments to park funds

In order to create wealth, you need to make prudent investments to make your money work for you. Thankfully, there are multiple investment avenues where you can invest as per your financial goals, risk tolerance, and liquidity needs. While long-term investments have always drawn attention, it is equally vital to focus on short-term investments, which … Read more