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

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

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

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

March 31 tax deadline: ELSS or tax-saving funds can help you save Rs 1.5 lakh under Section 80C. Should you go for it?

March 31 tax deadline: ELSS or tax-saving funds can help you save Rs 1.5 lakh under Section 80C. Should you go for it?

As the financial year draws to a close on March 31, taxpayers are focusing on maximising their savings through investments under Section 80C of the Income Tax Act. Among the various options available, Equity Linked Savings Schemes (ELSS) stand out as a favourable choice for both tax savings and potential long-term wealth creation. Under Section … Read more

Is ELSS really a good choice as a tax-saving investment?

Is ELSS really a good choice as a tax-saving investment?

There are a variety of options to choose from in mutual fund schemes, based on one’s risk appetite and financial goals. If one is looking for investment opportunities that can help them generate wealth, get regular returns, and/or save taxes, then ELSS becomes a great investment choice. In recent years, it can be seen that … Read more