Archive | Equity Mutual Funds

Importance of life insurance for financial well-being

What are the various tax benefits associated with life insurance products? Life insurance products come with tax-saving deductions as under: Life insurance premium payments made up to Rs 1.5 lakh under Section 80C in the name of the taxpayer, taxpayer’s spouse or children ULIP investments up to Rs 1.5 lakh under Section 80C. ULIPs are […]

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Five reasons to invest in tax-saving mutual funds

Individual as well as HUF taxpayers can save up to Rs 1.5 lakh every year on income tax. This deduction is available on investments and expenses under Section 80C. One of the investment options that you can use to save taxes are tax-saving mutual funds. Popularly known as Equity Linked Saving Schemes (ELSS), these funds […]

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High equity allocation will be allowed in NPS

The young are often called reckless. But those who are young also have a large appetite for risk. And investing in equity offers a perfect backdrop for anyone who’s young and is ready to bet on risk. To make NPS (National Pension System) more suitable to the young (and not so reckless), PFRDA has decided […]

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How to use tax-saving investments to achieve financial goals

Saving taxes shouldn’t be the only purpose behind investing in tax-saving investments. By their very nature, tax-saving investments make for excellent long-term investment avenues because they come with lock-in periods. The lock-in periods, which are as long that as 15 years in some cases, force the investor to stay invested and it is this compulsion […]

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[video] How to claim 80C deductions

E-file your income tax returns with http://cleartax.com and we’ll help you maximize your tax saving. Check out our extensive guide on Section 80 deductions: https://goo.gl/2A52mg Did you know that you can save up to Rs 1.5 lakh in taxes every year? There are deductions that you can claim on investments and expenses under Section 80C. […]

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