Tag Archives: tax-saving

Tax saving through Equity Linked Savings Schemes (ELSS) & Public Provident Fund (PPF)

If one can stay invested in PPF for 15 years, then why not consider investing in ELSS for a duration that is at least as long?

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How to choose the right tax saving investment for you?

Tax saving

An additional deduction for investment up to Rs. 50,000 in NPS is available to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 lakh available under section 80C of Income Tax Act.

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The upside-down approach to financial planning

financial planning

By the time we have crossed the 50-year threshold and are left with limited years of earning, we are almost done repaying our existing loans. Retirement planning thus never comes into the equation and we are left with no choice but to depend on others during the most vulnerable years of our lives.

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