Section 80C exemption: Choose your investments
MAS Team | 26 February 2013
Share
2
By investing in certain financial products you get a tax exemption. Many of us wait till the the dying days of the financial year to choose our tax-deductible investment but this should be spread over different months to avoid any cash crunch in the last months. Invest whenever you have cushion. You can save a large chunk of money through Section 80C, which has the following investment options.
Although you have a handful of options when it comes to saving tax through 80 C, you should refer to the following checklist before making final choices:-
• Know the maturity value of each investment option
• Aligning each of your investments to a financial objective
• Understanding the risks attached to each of your investment choices
• Understanding how much you have already saved, and what amount can you still save through 80 C
Understand how tax is saved
Let’s do it by taking an example, one from each tax slab. Following is the tax slab current applicable
Let’s take an example of a 40-year old Amit, who earns Rs8 lakh every year. Let’s see what effect does investing for saving tax has.
By exhausting his limit for saving for tax through Section 80C, Amit has managed to save over Rs20,000 in taxes.
You too, can become a smart investor-save your taxes and get good returns at lowest possible risk. Watch this space for more on how to become one.
Dear Investor,
In case of any grievance / complaint :
In case of any grievance / complaint :
- Please contact Compliance Officer Shraddha Mhatre at [email protected] and Phone No. - 91-22-35131664.
- You may also approach CEO Debashis Basu at email- id [email protected] and Phone No. - 91-22-35131664.
