Mutual Fund Schemes

Benefits of ELSS

Equity Linked Saving Schemes (ELSS) provide a good avenue for capital appreciation and tax benefit under section 80C of the Income-Tax Act, 1961.

Tax Benefits

• Deduction under section 80C.
• No tax on Capital gains
• Dividends are tax free in the hands of investor

Lock in period (3 years)

• Lowest among all tax saving instruments under section 80C
• Long enough to minimize market volatility

Postal Schemes

National Savings Certificates (NSC)

• Scheme specially designed for Government employees, Businessmen and other salaried classes who assesses Income Tax.
• No maximum limit for investment.
• Certificates can be kept as collateral security to get loan from banks.
• Investment up to INR 1,00,000/- per annum qualifies for IT Rebate under section 80C of Income Tax Act.
• Rate of interest 8.50%.
• Maturity value of a certificate of INR.100/- purchased on or after 1.4.2012 shall be INR. 151.62 after 5 years.

Public Provident Fund Account

• Ideal investment option for both salaried as well as self employed classes.
• Investment up to INR. 1,50,000 per annum qualifies for IT Rebate under section 80 C of IT Act.
• The rate of interest on the subscriptions made to the fund on or after 01.12.2011 and balances at credit of the subscriber in the existing PPF account shall bear interest at the rate of eight point seven per cent (8.70%) per annum.
• Withdrawal permitted from 6th financial year.

Insurance

• Insurance policies are eligible for Deduction under section 80C

More information about Tax saving scheme please contact us.