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Before Buying Insurance Policy to Save Income Tax

Premiums paid towards these insurance plans buys you protection . What’s more – you can also get tax benefits on the maturity amount/returns from insurance plans. For employees Jan-Feb is season of submitting income tax proof.  Many people buy insurance...

Understanding ELSS Funds or Equity Linked Saving Schemes

Equity Linked Saving Scheme or ELSS Mutual funds offer a choice to investors of providing equity exposure along with tax deduction benefit under Section 80C but come with a three year lock-in. These funds are an alternative to other tax saving instruments like NSC,...

Tax Saving Fixed Deposits

Tax saving Fixed Deposit are special category of fixed deposits where the investor gets the benefit of a tax break when they invest a sum of money in the deposit. It is different from Fixed Deposits of 5 years. This article talks of Tax Saving Fixed Deposits. What are...

Tax Saving Deposits,Yields and Ads of SBI,UCO

Tax saving deposit scheme of  banks such as State Bank of India, UCO   promise Double Benefit of Tax saving under section 80C and High Returns as 17.39% p.a for senior citizen and 16.64% p.a for others as shown in the advertisement of scheme below. But if you read the...
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