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Top 5 Tax saving investment Plans

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Banks do not offer any overdraft facility on these fixed deposit investments, unlike normal FDs. The interest for Best tax saving plan fixed deposits is generally compounded quarterly and gets reinvested into the fixed deposit along with the principal amount. – PowerPoint PPT presentation

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Title: Top 5 Tax saving investment Plans


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Best Tax Saving Plan
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Top 5 Tax saving investment Plans
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  • When Frank Sinatra sang Fly me to the moon he
    probably wasnt thinking that we humans would
    actually make living on the moon possible.
  • Although that plan is for a couple of years
    away, you could always start saving up to make it
    to the moon.
  • Tax saving investment plans could just be the
    best way to help you get that moolah. Surprised?

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  • Home Loan Principle
  • You may wonder how a home loan can be an
    investment vehicle. A loan is a liability, but a
    home loan, being a financial assistance for an
    appreciating asset (like a real estate
    investment), the principal portion of a home loan
    repayment works as an investment.
  • Tax Saving Mutual Funds or ELSS ELSS or Equity
    Linked Saving Scheme is one of the most popular
    tax saving instruments that offers handsome
    returns. ELSS is a diversified equity mutual fund
    that has a three year lock in period, which is
    the shortest amid all tax saving instruments. You
    can save up to Rs.1 lakh on tax under the ELSS
    scheme

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  • Tax Saving Mutual Funds or ELSS ELSS or Equity
    Linked Saving Scheme is one of the most popular
    tax saving instruments that offers handsome
    returns.
  • ELSS is a diversified equity mutual fund that has
    a three year lock in period, which is the
    shortest amid all tax saving instruments. You can
    save up to Rs.1 lakh on tax under the ELSS
    scheme.
  • ELSS funds give returns ranging from 13 to 22
    per annum, depending on the type of fund.
  • Any returns received from equity funds after one
    year are also tax free.

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  • The interest for Best tax saving plan fixed
    deposits is generally compounded quarterly and
    gets reinvested into the fixed deposit along with
    the principal amount.
  • Source (https//blog.bankbazaar.com/top-5-tax-sav
    ing-investment-plans/)

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