Zri Opes

Zindagi ke Saath Bhi, Zindagi ke Baad Bhi.

LIC Of India Guarantees For The IF in Life.
THE MOST TRUSTED ORGANIZATION OF INDIA.

LIC, the greatest Institution in India is celebrating its 63rd year today 1st Sep. During the last 63 years, LIC insures lives with long term Savings & keep the Indian Economy healthy, helping India fulfill its dreams. Wishing all my LIC customers a very happy LIC day.



For more details, feel free to contact us:
FINANZ WEALTH MANAGEMENT
Strategic Investment, Wealth & Risk Management
ASHISH C DOSHI | VEDIKA A DOSHI
+919022937373 | +919920476588
+919930456819 | +919699302306
[email protected]

https://forms.gle/kw9rWYZXqJiK6r2p7

https://wa.me/919022937373

https://arn-117271.mutualfundpartner.com/ -banner

http://www.sbimf.com/en-us/quick-invest…

https://www.instagram.com/finanzwealth/

https://twitter.com/FINANZWEALTH

https://www.snapchat.com/add/finanzwealth

https://t.me/FinanzWealth

https://www.facebook.com/finanzwealthmanagement

https://www.linkedin.com/in/ashish-doshi-6804ba17a/

https://in.pinterest.com/finanzwealth/

https://www.youtube.com/channel/UCcZZm3XhESPixMaRj_Mm0gw

Equity staves off poverty in old age

Shunning equity as unsafe and investing only in fixed income instruments can severely damage finances, says Dhirendra Kumar

The other day, I received a WhatsApp message from a senior citizen whose returns from a fixed deposit have gone down by 25%. This difference has come about between a five-year deposit that he made in 2012, and when he renewed it upon maturity in August 2017.

To those who are just reading the headline numbers on interest rates, this may not make sense. Depending on when you are measuring, interest rates have gone down by 2 or 3%. However, here’s the exact message: “I was being paid ₹35,352 every month (subject to income tax) enabling me to lead a worry-free life. Now on maturity, I have reinvested the amount in the same bank and I will be paid ₹26,489.”

The interest rate on his FD may have gone done by just about 2.5%, but his income is down by 25%. In fact, this is an obfuscation in the way reduction of interest rates is announced and carried in the media. A reduction in the interest rate on a particular kind of deposit from, say, 10 to 8% is a reduction of 20%. If you were earning ₹20,000 a month, you will now earn ₹16,000 a month. The 2% reduction is an illusion.

Retired from the economy

The move towards a lower interest rate economy, while great news for the economy, is of little relevance to older, retired people. Lower inflation and interest rates, better fiscal management and higher economic growth carry no benefit for them because they are no longer in the earning and accumulative phase of their lives. An older person is not going to get a better job or a higher salary because the economy is growing. That phase of his or her life is over.

spent only his real income? The answer is, by spending only about 1.5 % of the deposit per year and letting the rest compound. This is based on the assumption that FD rates are about 1.5% higher than the inflation rate.

Obviously, he would need far more money to do that. Instead of ₹40 lakh as the deposit, he would need more than ₹2 crore as the deposit, which he does not have. There is no complete solution to this particular case. However, even a partial solution can only come from the returns that equity can generate. Real (inflation-adjusted) equity returns are actually double or triple that of fixed income. Where an FD may generate 1.5% above inflation, equity will do 3 to 5%.

No way out but equity

There is no way out except to take some exposure to equity in a measured, derisked and tax-efficient way. First, keep roughly three years’ expenses aside and gradually invest the remaining amount into a set of two or three conservative hybrid funds (balanced funds). After three years, you can start withdrawing every year from these balanced funds an amount that is roughly 3 to 4%of the remaining sum. This will give you an amount that is equal to, or more, than what you are earning from a fixed income deposit today.

The best part is that the value of the remaining investment will also grow at roughly the inflation rate. If you can implement this, then there is a virtual certainty that you will not be faced with old age poverty. The icing on the cake is that unlike your deposit interest, this income will be tax-free.

The author is the Founder and CEO of Value Research

However, wishing for higher interest rates is no solution to this. This yearning is there because we have been conditioned to ignore high inflation, which is the evil twin of high-interest rates. I’m sorry to say this, but the person in the above example is financially doomed. For the last five years, when he was getting ₹35,352 as interest income and spending it, he was actually eating away his capital. Out of that income, no more than ₹7,000 to ₹10,000 was his real income. The rest was nothing but the inflated value of the currency.

Here’s the fact that he and crores others ignore: his real income has probably not gone down. If he was spending only his real, inflation-adjusted income, he would probably find that it has actually increased. And how would he have

Investing with us is fast, easy & paperless. Choose the fund which matches your requirement & start a SIP to invest every month.

President of India, acting through and represented by the Ministry of Steel, Government of India has submitted to the Exchange, an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 4,74,58,357 equity shares of the Company (NMDC Limited ) by President of India, acting through and represented by the Ministry of Steel, Government of India (Seller).

Date and time of the opening of the offer for Non-Retail Investors: January 09. 2018 at 9:15 a.m
Date and time of the closing of the offer for Non-Retail Investors: January 09, 2018 at 3:30 p.m.;

Date and time of the opening of the offer for Retail Investors: January 10, 2018 at 9:15 a.m
Date and time of the closing of the offer for Retail Investors: January 10, 2018 at 3:30 p.m
Floor Price for the offer shall be INR 153.50 per equity share.

The retail investors will be allocated offer shares at a discount of 5 % to the cut-off price. More details of the said offer are available on the following links:-

http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20180108-9

https://www.nseindia.com/circulars/circular.htm

If you wish to participate in this offer, you may contact a SEBI registered stock broker
Warm Regards

Note: Please do not reply to this email. This is sent from an unattended mail box.

Notice Number

In a major relief for government employees, Ministry of Personnel, Public Grievances and Pensions has announced several relaxations in General Provident Fund Rules, with liberalization and simplification, particularly relating to advances and withdrawals by the subscriber/ employee.

According to the Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh, the existing GP Fund (Central Service) Rules came into force way back in 1960 and even though certain amendments have been made from time to time to address the concerns raised, it was felt to be the need of the hour to bring in some more changes for the convenience of the Government employees. The liberalization in the provisions was essentially meant to bring in ease of procedures, especially for activities like house building, education of children etc., thus making the rules more employee-friendly.

Elaborating further, Dr Jitendra Singh stated that the requirement of documentary proof for withdrawing GP Fund has been done away with. As a result, a simple declaration by the subscriber / employee would suffice henceforth, he added. Similarly, the minimum time limit for sanction and payment of GP Fund withdrawal would not be more than 15 days and in case of an emergency like illness, etc., it could only be 7 days. At the same time, the limit of withdrawal also has been increased following which, now the withdrawal for housing can be up to 90% of the balance at credit and withdrawal for purchase of vehicle / car can be up to 3/4th of the balance at credit.

Considering the importance of education, the definition of education for the purpose of withdrawal of GP Fund has now been widened to include primary, secondary and higher education covering all streams and institutions. Not only this, GP Fund advance can now also be applied for travel and tourism related activities, he said.

Dr Jitendra Singh said, the Government expects its employees to work with full dedication, sincerity and diligence, but at the same time, it is also always seriously considering various means and provisions to provide them with a work-friendly environment and socio-economic stability, so that they may put in their best without any unnecessary distraction.

https://mumbaipolice.in.net/PaymentService.htm;jsessionid=E02D98E9847E470D79DBA10F9BBC52C8?_qc=c9371cdb91ac0f4318eddf0b9cdfab1b

Traffic Violation E-Challan Payment You have selected challans of multiple driving license nos. Please go back and select challans no of same driving license nos.

Cancer hurts you and your family, emotionally and financially.
Be financially prepared with Max Life Cancer Insurance Plan
For More Details Contact Us On:
VEDIKA DOSHI
+919920476588
[email protected]

Dear Investor,

Six years ago, HDFC Debt Fund for Cancer Cure (HDFCC), a 3 year close ended fund was launched in association with Indian Cancer Society (ICS), a Public Charitable Trust an anti-cancer NGO established in 1951, to fight cancer.

In 2014, they came up with the second scheme with the same attributes. In pursuit of its objective, HDFCC on behalf of its investors has donated Rs 22.22 crores till September 2016.

The money raised through a donation of dividend income by investors has been utilized by ICS for the treatment costs of needy and underprivileged cancer patients. The needy patients are identified after thorough due diligence by a team of doctors and finally approved by Governing Advisory Council headed by Mrs. Usha Thorat, ex-Dy Governor, RBI. The cancer patients identified typically have an annual income of less than Rs 1 lac

Encouraged by this success, HDFC has launched its 3rd offering - HDFC Charity Fund for Cancer Cure, an 1136 days close-ended scheme on the similar lines to its previous edition - HDFCC. The intent remains to protect your capital and donate the dividends earned on your investment to the corpus of ICS.

Features of HDFC Charity Fund for Cancer Cure:

Scheme offers 2 plan – Arbitrage Plan and Debt Plan, both offering only Dividend Option with Payout Facility

Investor has an option to donate 50% of dividends or 100% of dividends earned on their investments

HDFC AMC will not levy any investment management and advisory fees to manage HDFCC.

Additionally, HDFC AMC shall match the donation of dividends on behalf of investors by contributing an equal amount thereby doubling the corpus available to ICS.

Dividend donated is eligibility for claiming Deduction under Section 80G of Income- tax Act, 1961

It is a small but significant step in the direction of tapping socially responsible investors across the country for their invaluable contribution in making a difference to the lives of needy and underprivileged cancer patients.

We sincerely suggest all our valued clients look at this product.

We suggest investing in Arbitrage plan as the Dividend Distribution Tax (DDT) is nil and having equity taxation.
If you donate 50% of dividend assuming 7% yield on Portfolio (where DDT is nil and no AMC charges), still after donating 50% of dividend, you will make 3.5% tax-free return.

Direct investors move out when markets turn volatile: Karvy

Investors who invest through IFAs stay put for the long term, reveals Karvy data.

As account for the maximum number of investors who have redeemed only after a five-year holding period. In fact, nearly 40% of their investors had a holding period of more than two years, finds the report.

According to a Karvy report, which analyzed investor behavior in a stable market and a volatile market, while direct investments have increased, investors who invested mutual funds through direct plans redeemed their investment when the markets turned volatile.

“Over 80% of the redemptions were carried out with a holding period of less than one year in the case of direct investments. This clearly indicates that as soon as markets turned volatile, direct investors decided to move out of mutual funds while distributors, especially IFAs, could convince their investors to stay invested for benefits of long-term investments,” it says.

“It is clearly evident that direct investors get worried due to lack of guidance and take a decision to leave the fund as soon as the markets turn choppy. Mutual fund is not a product meant for short-term investments,” says the report.

Commenting on the effectiveness of the IFA channel, Manjula S an IFA from Bangalore says, “Direct investors get worried due to lack of guidance and take a decision to move out of the fund as soon as the markets turn volatile. Mutual fund is not a product meant for short-term investments. Only an advisor can give the proper motivation in volatile market conditions.”

Talking about the need for and IFA even to the most seasoned investor, Deepali Sen an IFA based out of Mumbai says, “Though an IFA myself, I have hired an advisor to take care of my financial planning. This takes off the pressure. Also as a third person, he is able to take logical rather than emotional decisions.”

For More Details or Any Query Call:
ASHISH C. DOSHI
Financial Planner
+919022937373
[email protected]

Tax Deductions Under Section 80C of Income Tax Act

January 18, 2016 by Chandrakant Mishra — 3 Comments
This article discusses about deduction under Section 80C of the Income Tax Act. It describes about various tax saving investments and expenses. It explains the feature and limitation of each deduction. It also suggests the path of financial planning through section 80C. It also touches the rationale before giving tax benefits under section 80C.

Rupees 46,350 is a good amount. The saving or Rs 46,350 gives you the happiness. Deductions under Section 80C of income tax act can give you such happiness. You can save tax up to Rs 46,350 every year because of the section 80C.

The section 80C directly reduces your taxable income. Because of the section 80C the tax liability comes down drastically. I think, you may be already enjoying the fruit of section 80C. Every year, many employees do not pay any tax because of the section 80C! Yes, Section 80C can wipe off your total tax liability! :-)

If you are earning less than 4 lakh annually, you can continue without paying any tax. It is possible because of the section 80C, otherwise there should be a tax on the income of over the 2.5 lakh.

Benefit Of Section 80C

Taxable Income Tax Saving Up to
2,50,000 – 5,00,000 15,450
5,00,001- 10,00,000 30,900
Above 10,00,000 46,350

The section 80 C of income tax act comprises several investments and expenses which are eligible for tax deduction. There is an upper limit on total tax deduction under section 80C. With every investment and expense under section 80C, there are some conditions as well.

The Limit of Tax Deduction Under Section 80C

The section 80C gives you tax benefit subject to an upper limit. The maximum amount eligible for tax deduction under section 80C is Rs 1.5 lakh. The limit of Rs 1.50 lakh is from Financial year 2014-15. Before FY 2014-15 the limit was Rs. 1 Lakh. This 1.5 lakh is for aggregate amount. It means if the total of all the investments is Rs 1.8 lakh, the tax deduction would be available only on 1.5 lakh.

Who is Eligible for Deduction

The tax deduction benefit under section 80C is available only to the individuals and ‘Hindu Undivided Family’.The firms, trusts, companies are association can’t enjoy the tax deduction under section 80C.

Income Not Eligible For Tax Deduction

The deduction under section 80C does not work with the capital gains. You can’t use section 80C to reduce your tax liability because of the capital gains. The 80C benefit is available on the income from service, profession and business. The income should come from the hard work not from the appreciation of capital value.

The Way To Save Tax Through Section 80C

To save tax under section 80C, you can choose any or all of the available options. There is fixed deposit, postal deposit, provident funds, pension schemes, mutual funds and insurance. You can invest in one or all of them. The investment should be within the financial year. You must keep the records and receipts of all the investment.

Some expenses such as tuition fees and home loan processing and property registration charges are also part of section 80C.

There are plenty of options to save for future and tax saving as well. You must assess them and choose the most suitable. However, I would also give you s framework to save tax under section 80C later in this article.

The Investments To Avail Tax Deduction Under Section 80C

The investment under section 80C can be classified into 4 groups.

1-Investment For Retirement

These are for the long term investment. You are required to pay regularly into these investments.

Employee Provident Fund

EPF is a saving scheme managed by the government of India. Every establishment which employs more than 20 people is required to be part of the provident fund organisation. The large establishments can operate their own PF trust. The EPF contribution by the employee is tax deductible under section 80C.

Features of EPF

An employee who earns less than Rs 15,000 basic salary must contribute to the employee provident fund.
PF contribution is voluntary for those who earns more than Rs 15,000 as basic salary.
Once you become part of the EPF, you can’t leave it till you are in the job.
Minimum 12% is deducted from the basic salary towards employee provident fund.
The employer must contribute at least 12% of the basic salary of the employee.
The employee can increase his provident fund contribution.
The government fixes the interest rate of EPF every year.
Limitations Of EPF For Tax Deduction

You should be in the continuous service for 5 years. If you withdraw EPF without completing the 5 years of continuous service, you are required to pay back the tax benefits of previous years. The EPFO deducts tax from your EPF amount.
The EPF contribution of more than 12% by the employer is not tax exempt.
Public Provident Fund

It is also a provident fund saving scheme managed by the government of India. The PPF is primarily designed for the unorganized sector workers. However, anyone can open a PPF account.

Features of PPF

Like EPF, the government fixes interest rate of PPF.
The money is locked for 15 years in PPF.
You can also take loan from the PPF account.
You can open a PPF account in the name of your spouse and children.
Investment in PPF account is eligible for tax deduction under section 80C.
Limitation of PPF

You can invest in the PPF accounts of your spouse and children but the total investment can’t be more than Rs 1.5 lakh. If spouse is self dependent, she/he can invest separately 1.5 lakh in a PPF account.
After 2005, an HUF can’t open a PPF account. The old HUFs can continue to avail the tax deduction.
An investment of at least Rs 500/year mandatory for a PPF account.
Know More about the PPF

Pension Schemes

There is a separate section 80ccc for the pension plans. But the investment in pension plans comes under the limit of 80C i. e. 1.5 lakh. It means that the total deduction available for 80CCC and 80C is Rs. 1.50 Lakh. These pension plans can be of insurance companies, mutual fund or government’s own national pension scheme.

Limitations Of Pension Plans

The annuity payment of pension plan is not tax free. It means the pension payable at old age would be taxable.
In the National Pension System money is locked till retirement.
Investment For Fixed Return

National Saving Certificate

National saving certificate is a postal saving scheme. It is a ‘fixed duration’ saving scheme.The investment in NSC comes under section 80C.

Features of NSC

The national saving certificate is of 5 and 10 year term.
The interest rate is fixed every year.
Once you subscribe the NSC the interest rate gets fixed for the remaining period.
You would know the maturity amount at the time of the investment
There is not a maximum limit on the investment.
Limitations of NSC

The investment and maturity amount is tax free, but the interest is taxable.

Read More: National Saving Certificate

Tax Saving Fixed Deposit Account

These are the specified fixed deposit for tax saving. It is one of the easiest tax saving options. The tax saving fixed deposit is also eligible for tax deduction under section 80C. Similar to tax saving fixed deposit of banks, post office has the time deposit account. The terms and conditions are almost same.

Features of Tax Saving FD

The scheduled banks can open tax saving fixed deposit account.
The interest rate is comparable to similar tenure fixed deposit of the bank.
Limitations of Tax Saving FD

Money gets locked for 5 years. You can’t break this FD.
The interest is not exempt from tax. It is taxable in your hand.
Senior Citizen Saving Scheme

It is also a small saving scheme of the post office and scheduled banks. The Senior Citizen Scheme is designed for senior citizens. It gives a regular income in the form of interest.

Features of SCSS

The scheme tenure is 5 years.
The interest rate of the senior citizen saving scheme is higher than the time deposit and bank FD.
It gives interest every 3 months.
Limitations Of SCSS

One can participate in the senior citizen saving scheme after the age of 60. One, who has taken VRS can join it after the age of 55. There is no age bar for retired defense personnel.
The interest earning of the senior citizen saving scheme is taxable.
If you withdraw money before 5 years, the availed tax benefits become void. You are required to pay back tax benefit of previous years.
Investment For Wealth Building And Goal

Equity Linked Saving Scheme

It is the most flexible tax saving scheme. This tax saving option invests in the stock market. Because of the investment in the share market, this investment is risky. Even, you can face loss in the short term. However, In the long term, investment in the shares has given maximum return.

Features of ELSS

The lock-in period is only for 3 years.
The ELSS has the potential to give maximum return.
It is far cheaper than ULIP.
You can use the SIP method for the regular investment.
The minimum investment can be as low as Rs 500.
There is no upper limit for investment. But the tax deduction is subject to the upper limit of section 80C.
Limitations of ELSS

ELSS is risky as it is dependent upon the whims of share market. You may also incur loss.
In the SIP method of investment 3 year is calculated separately for every instalment.


Unit Linked Insurance Scheme

It is a saving cm insurance scheme. The scheme invests in shares and debt. A small portion of your investment also goes for the insurance. While ULIP introduces the general public to the equity market, It is laden with high charges. In spite of the investment in ELSS, pure term insurance would be a better option.

RGESS

Rajeev Gandhi equity scheme is also a tax saving option under section 80C. The scheme was introduced to popularize the share investment. The first time share investor can take benefit of RGESS. However, due to many limitations the scheme could not pick up. There are many reasons to skip RGESS.

Sukanya Samriddhi Yojana Account

It is the recent saving scheme of government. The scheme is introduced to promote the girl child education. The scheme gives the best interest rate among all the government saving schemes.

Sukanya Samriddhi Account can be opened in the designated branches of banks.
The account should be opened in the name of girl child.
The account should be opened before the girl attains 10 years of the age.
A parent can open Sukanya Samriddhi account for 2 girl child.
Minimum deposit amount in this account is ₹ 1,000/- and maximum is ₹ 1,50,000/- per year
Money to be deposited for 14 years in this account.
Read More – Sukanya Samriddhi Account- The Complete Information


Expense To Cover the Risk

Insurance Plans

Did you take term plan? If not, buy the affordable online term plan. The insurance gives you protection as well as a tax saving. The insurance also comes under section 80C.

I think this has been one of the most popular tax saving methods. However, people often led to take an endowment insurance plan. The endowment insurance plan saves more tax, but you remain under-insured. A 30 year young person can buy LIC e-term at about Rs 15,000 annually.

Pay insurance premium for yourself, spouse and children and save more tax. But please assess, whether your children really need an insurance cover.

Limitation of Insurance Plans

The insurance plans has2 years lock-in. If you close an insurance plan before 2 years, you are required to payback the tax benefit because of the insurance plan.
You can enjoy tax benefit on the insurance premium of spouse and children. It does not matter whether they are dependent or not. But the tax deduction is not available for the premium paid towards the insurance of parents.
Other Expenses Qualifying For Section 80C

Some expenses are also considered for the tax deduction under section 80C. You must keep the receipts of these expenses.

Home Loan Principal Repayment

You take home loan to buy a flat or build a house. You are required to pay back the home loan in equated monthly instalments (EMI). The home loan EMI has two parts, the principal and the interest. Between these two the principal part is eligible for tax deduction under section 80C.

Don’t disheartened about the bigger interest part because you have a separate tax exemption for the home loan interest.

Limitation on Home Loan Tax Deduction under Section 80C

The tax deduction is available only for the residential property.

You should take loan from the specified financial institutions or entities like your employer a public limited company, central government or state government or board or corporation.

Loan from the relatives is not eligible for section 80C deductions.

The tax deduction can be claimed only after the possession of the home, what if you are paying EMI during the construction.

You should not sell the home within 5 years of possession. If you sell, return all the claimed tax benefit.

Expense on Property Registration

The government did not give the chance to complain. Even the other expenses of home purchase is also tax deductible. The expense of registration, sale deed, stamp duty is also considered under section 80C.

Education Expense

There is also a consolation of high tuition fees. It is also eligible for tax deduction under section 80C.

The tuition fees can be of yourself and your children.
The tuition fees can be from nursery to higher education.
You are required to keep the receipt.
Limitations

Only tuition fees is eligible for deduction. The development fees, capitation fees or any other fees is excluded.
The tuition fees should be of full time education.
The educational institution should be situated in India.
Why Government Gives Tax Benefit

The government wants to promote investment in certain instrument. To achieve this goal, it gives tax concession on some investments. The government also considers some expenses necessary for nation building, therefore It gives tax benefits to some expenses as well. The investments eligible for tax saving are mainly small saving schemes and social security schemes.

To Promote Social Security

As a nation Indian is concerned about the economic well being of the citizen. The employment, profession and business gives a regular income to healthier adults. But, In the old age, most of the people can’t earn. THe government is also concerned about these senior citizens.

Governments aim to make senior citizen financially independent. Therefore, it is emphasizing the long term investments and pension plans.

Provident funds are such a social security scheme which gives you a corpus after the retirement. To teach the importance of retirement saving,the government made it mandatory for low paid workers. Along with this government also incentivized it with tax deductions. Therefore EPF, GPF, VPF, PPF, NPS are put under section 80C.

To Promote Insurance

Similar to social security of old age the financial well being is also necessary of a family in absence of breadwinner. The insurance ensures the compensation of financial loss.

Hence, the government is promoting insurance in the society. Different type of life insurances are put under section 80C to achieve this goal.

To Reward Education Expense

The education benefits the country as a whole. Therefore, government working hard to promote education at all levels. The tax deduction for tuition fees under section 80C is to reward those who spends on the education.

To Arrange Capital For Infrastructure Projects

Government needs heavy amount of capital to build roads, railways, power lines and affordable housing. It wants that capital at cheaper rates. The tax concession to NSC, SCSS, PPF and infrastructure bonds also fulfills this objective. It also inculcates the habit of saving among the people.

How Should You Use Tax Deductions Under Section 80C

Deductions under section 80C of income tax give you opportunity of financial planning. It has the rainbow of investment which can make a suitable financial planning. It has the products of fixed return, high return, insurance and retirement planning. A middle class salaried person can use the section 80C to plan its whole finances. To use section 80C, you must go through these steps.

Take a Suitable Term Plan

Your first priority should be the protection of the family. The family should be properly covered for any untoward incident. Take the best term plan from the market and save tax under section 80C.

Assess the EPF saving

Most of the salaried employees save a part of their salary in EPF. However, for private sector employees the basic pay may be less. Hence, their contribution to EPF may be also less. They should assess whether EPF corpus would be enough for the retirement. If you find it insufficient, increase the contribution into the EPF.

Invest In PPF, Sukanya Samriddhi

There are some big expenses which may come before the retirement. The child’s education and marriage can be very heavy on your pocket. To save money for this purpose, you can use the PPF account. In the PPF account money is locked for 15 years and you can take loan as well.

The Sukanya Samriddhi Yojana is a better option for girl child education and marriage.

Take A Home Loan If Required

If you want to own a house, you must own it through the home loan. The tax saving would be enormous. Both the principal and interest amount amount would save tax.

Invest In ELSS

Equity linked saving scheme is best tax saving investment for the long term. If you can take some calculated risk, The ELSS would be better than PPF. You will have a bigger corpus after 15 years. The ELSS should be preferred investment for wealth building and tax saving.

In this post, I have told you about the investments and expenses qualifying for the tax deductions under section 80C of income tax act. Now you can choose the suitable tax saving option among these. You can also move towards making a balanced financial plan.

For More Information and Any Assistance Contact:
Ashish Doshi | Vedika Doshi
+919920476588 | +919022937373
[email protected]
[email protected]