munna How to Maximize your Tax Saving through Investment

How to Maximize your Tax Saving through Investment Safeguarding one’s future is what drives us all to earn and save. While earning may help you live well in the present, it is saving that goes the long way. However, you would also want to spend on vacations and other such activities. Did you know there are certain tax saving investments that help us save for our future, Wouldn’t we all prefer to make investments that would reduce our tax burden?  Any money you save on taxes, translates to an additional income for you. That should be an incentive to sweeten the deal Ideally, if we can have an understanding of the upper limit of the investments we should make, to maximize benefit from tax then our task would be a lot easier. In order to decipher that limit, let us take a look at each slab of income and the tax bracket they fall into... [Read More] An additional deduction of up to Rs. 50,000/- under Section 80CCD for National Pension System contribution was proposed. It is best to start investing from the beginning of the financial year. This would give you time to weigh your options so that you can decide which investments are the best to save tax. Once you understand how much you stand to benefit from saving on tax you can take an informed decision on how much to invest. Smart tips: Any donations you make to designated funds are eligible for deductions up to either 100% or 50% with or without restriction. When you invest early in the financial year you earn interest for the full year...[More Details]                                            You have received this mail because you are a member of Fantastic Indiaa. To stop receiving these emails please Unsubscribe

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