5 Best Tax Saving Instruments
Choosing the right investments for saving taxes can be a difficult task .Find which are 5 best instruments for saving tax under section 80c of income tax act. Check what are most important things to check before investing for saving taxes.@advisesure. #karojodilkahe
Content
5
Best Tax Saving Instruments
Return
Tax Friendly
Features of
Perfect Tax
Saving
Scheme
Low Risk
Liquid
A perfect tax Saving scheme may not
give the best returns, but the Tax it
saves is enough to compensate for
the lesser returns
The returns on Tax saving products
should have minimum Tax
Should have lowest risk of principle
Erosion in Long term
Should be Considerably Liquid or
Loan can be taken against it
Source- AdviseSure Research
About
Benefits
Equity Linked Saving Scheme (ELSS)
are Tax Saving Mutual Funds which
invest in Equity Shares. They have a
lock-in period of 3 years
Tax benefit under Section 80C of
Indian Tax Act
High Returns of Equity
Returns are also Tax free
Minimum
Investment
If Lump Sum – Rs. 5,000
If SIP – Rs. 500
Top 3 Funds
Axis Long Term Equity Fund (G)
ICICI Pru RIGHT Fund (G)
SBI Tax Advantage Sr-2 (G)
Source- AdviseSure Research
01
ELSS- Tax
Saving
Mutual
Fund
About
Benefits
02
PPF
Public
Provident
Fund
Investment
Interest Rate
Public Provident Fund is a Tax Saving
scheme which provides tax savings
and decent returns on investment
Investments upto Rs. 1.5 Lac are
Tax Exempt
Loan and withdrawal option is
also available depending upon the
amount deposited
Minimum Investment – Rs. 500
Maximum Investment – Rs. 1.5 Lac
8.70% with effect from 1st April 2013
Source- AdviseSure Research
About
Benefits
Term Insurance is life insurance,
which is only for covering financial
risk associated with the death of the
person and not for investments
It helps protect your family
against uncertainties of life by
providing for their financial safety
The premium amount is also very
low compared to other policies
It also provides Tax benefit on the
premium paid
Allowable
Amount
Maximum amount allowed for Tax
deduction is premium of Rs. 1.5 Lac
Top 3 Term
Insurance
HDFC Life Click 2 Protect Plus
Bajaj Allianz – iSecure
Bharti Axa Term Plan - eProtect
Source- AdviseSure Research
03
Term
Insurance
About
Benefits
04
Mediclaim
Insurance
Allowable
Amount
Mediclaim policy that takes care of
hospitalization expenses by
reimbursing actual medical expenses
Cost of a Mediclaim is 0.5-2% of
the total expenses that one would
incur incase one is hospitalized
A deduction of Rs. 15,000 can be
claimed every year
Minimum Amount – Rs. 2,000
Maximum Amount – Rs. 20,000
Top 3 Medical Star Family Health Optima
Max Bupa Heartbeat Health Gold
Insurance
Apollo Munich Easy Health
Exclusive
Source- AdviseSure Research
About
Benefits
A fixed deposit is an instrument
provided by banks which provides
investors with a rate of return which
is higher than a regular savings
Long Term Saving
Decent rate of Interest varying
from 8-9.5 from Banks to Banks
05
Investment
Top 3 Funds
Maximum Tax Exempt amount has
been increased to Rs. 1.5 Lac,
however one can invest more in an
FD every year
Bharat Co-operative Bank (9.5%)
Lakshmi Vilas Bank (9.25%)
Andhra Bank (9.1%)
Source- AdviseSure Research
Bank FD
Tax Saving
Fixed Deposit
We Offer
Advisory Fees Rs. 365 Per Annum
Customized advise only for you
Regular Review and Rebalancing
Unlimited Long Term Investment Advise
Tax efficient portfolio design
No Minimum investment
Substantial Savings in Commission
( Optional)
Customized , unbiased Wealth Management
@Rs. 1 per day
Disclaimer
"This message may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously
received this message, please delete it immediately and notify the sender. The recipient acknowledges that AdviseSure.com or its subsidiaries and associated companies, (collectively
"AdviseSure "), are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail transmissions and further acknowledges that
any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due
authority of AdviseSure.
“Any document which is prepared by the research team of AdviseSure.com or its subsidiaries is circulated for purely information purpose only to the authorized recipient and should not be
replicated or quoted or circulated to any person/corporate or legal entities in any form. This document/documents/reports/opinion should not be interpreted as an Investment /taxation/
legal advice. While the information contained in the report has been procured in good faith, from sources considered to be reliable, all statement/statements/opinion/opinions/view/views
in the report should not be considered to be complete or accurate. Therefore, it should only be relied upon at the recipients of this mail’s own risk.
AdviseSure Investment Advisors is India’s first only Advise platform where we help individual, managing his personal finance. AdviseSure Investment Advisors is part of AdviseSure Ventures
Private limited. AdviseSure Investment Advisors is a SEBI registered Investment Advisor and its associate/group company empanelled with AMFI as a distributor .You can execute
transactions with your banker, broker or agent/ financial intermediary . We also offer transaction services through various associations, at a substantially lesser cost to our clients as
compared to other financial intermediaries, so that you start your financial plan with AdviseSure Investment Advisors is a safe and secure platform. Our recommendations rely on historical
data. Historical/ past performance is not a guarantee of future returns. The information and views presented here are prepared by AdviseSure Investment Advisors. The information
contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal
information and we are not responsible for any loss incurred based upon it. This document is solely for the personal information of the recipient. The investments discussed or
recommended here may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using
such independent advice, as they believe necessary. While acting upon any information or analysis mentioned here, investors may please note that neither AdviseSure Investment Advisors
nor any person connected with any associated companies of AdviseSure Investment Advisors , accepts any liability arising from the use of this information and views mentioned here. Each
recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in
this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment.
AdviseSure Investment Advisors
CORPORATE OFFICE : Level 8, Vibgyor Towers, G Block, C62,Bandra Kurla Complex, Mumbai 400 098, India
-------------
Website : www.advisesure.com
Email: [email protected]
Best Tax Saving Instruments
Return
Tax Friendly
Features of
Perfect Tax
Saving
Scheme
Low Risk
Liquid
A perfect tax Saving scheme may not
give the best returns, but the Tax it
saves is enough to compensate for
the lesser returns
The returns on Tax saving products
should have minimum Tax
Should have lowest risk of principle
Erosion in Long term
Should be Considerably Liquid or
Loan can be taken against it
Source- AdviseSure Research
About
Benefits
Equity Linked Saving Scheme (ELSS)
are Tax Saving Mutual Funds which
invest in Equity Shares. They have a
lock-in period of 3 years
Tax benefit under Section 80C of
Indian Tax Act
High Returns of Equity
Returns are also Tax free
Minimum
Investment
If Lump Sum – Rs. 5,000
If SIP – Rs. 500
Top 3 Funds
Axis Long Term Equity Fund (G)
ICICI Pru RIGHT Fund (G)
SBI Tax Advantage Sr-2 (G)
Source- AdviseSure Research
01
ELSS- Tax
Saving
Mutual
Fund
About
Benefits
02
PPF
Public
Provident
Fund
Investment
Interest Rate
Public Provident Fund is a Tax Saving
scheme which provides tax savings
and decent returns on investment
Investments upto Rs. 1.5 Lac are
Tax Exempt
Loan and withdrawal option is
also available depending upon the
amount deposited
Minimum Investment – Rs. 500
Maximum Investment – Rs. 1.5 Lac
8.70% with effect from 1st April 2013
Source- AdviseSure Research
About
Benefits
Term Insurance is life insurance,
which is only for covering financial
risk associated with the death of the
person and not for investments
It helps protect your family
against uncertainties of life by
providing for their financial safety
The premium amount is also very
low compared to other policies
It also provides Tax benefit on the
premium paid
Allowable
Amount
Maximum amount allowed for Tax
deduction is premium of Rs. 1.5 Lac
Top 3 Term
Insurance
HDFC Life Click 2 Protect Plus
Bajaj Allianz – iSecure
Bharti Axa Term Plan - eProtect
Source- AdviseSure Research
03
Term
Insurance
About
Benefits
04
Mediclaim
Insurance
Allowable
Amount
Mediclaim policy that takes care of
hospitalization expenses by
reimbursing actual medical expenses
Cost of a Mediclaim is 0.5-2% of
the total expenses that one would
incur incase one is hospitalized
A deduction of Rs. 15,000 can be
claimed every year
Minimum Amount – Rs. 2,000
Maximum Amount – Rs. 20,000
Top 3 Medical Star Family Health Optima
Max Bupa Heartbeat Health Gold
Insurance
Apollo Munich Easy Health
Exclusive
Source- AdviseSure Research
About
Benefits
A fixed deposit is an instrument
provided by banks which provides
investors with a rate of return which
is higher than a regular savings
Long Term Saving
Decent rate of Interest varying
from 8-9.5 from Banks to Banks
05
Investment
Top 3 Funds
Maximum Tax Exempt amount has
been increased to Rs. 1.5 Lac,
however one can invest more in an
FD every year
Bharat Co-operative Bank (9.5%)
Lakshmi Vilas Bank (9.25%)
Andhra Bank (9.1%)
Source- AdviseSure Research
Bank FD
Tax Saving
Fixed Deposit
We Offer
Advisory Fees Rs. 365 Per Annum
Customized advise only for you
Regular Review and Rebalancing
Unlimited Long Term Investment Advise
Tax efficient portfolio design
No Minimum investment
Substantial Savings in Commission
( Optional)
Customized , unbiased Wealth Management
@Rs. 1 per day
Disclaimer
"This message may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously
received this message, please delete it immediately and notify the sender. The recipient acknowledges that AdviseSure.com or its subsidiaries and associated companies, (collectively
"AdviseSure "), are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail transmissions and further acknowledges that
any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due
authority of AdviseSure.
“Any document which is prepared by the research team of AdviseSure.com or its subsidiaries is circulated for purely information purpose only to the authorized recipient and should not be
replicated or quoted or circulated to any person/corporate or legal entities in any form. This document/documents/reports/opinion should not be interpreted as an Investment /taxation/
legal advice. While the information contained in the report has been procured in good faith, from sources considered to be reliable, all statement/statements/opinion/opinions/view/views
in the report should not be considered to be complete or accurate. Therefore, it should only be relied upon at the recipients of this mail’s own risk.
AdviseSure Investment Advisors is India’s first only Advise platform where we help individual, managing his personal finance. AdviseSure Investment Advisors is part of AdviseSure Ventures
Private limited. AdviseSure Investment Advisors is a SEBI registered Investment Advisor and its associate/group company empanelled with AMFI as a distributor .You can execute
transactions with your banker, broker or agent/ financial intermediary . We also offer transaction services through various associations, at a substantially lesser cost to our clients as
compared to other financial intermediaries, so that you start your financial plan with AdviseSure Investment Advisors is a safe and secure platform. Our recommendations rely on historical
data. Historical/ past performance is not a guarantee of future returns. The information and views presented here are prepared by AdviseSure Investment Advisors. The information
contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal
information and we are not responsible for any loss incurred based upon it. This document is solely for the personal information of the recipient. The investments discussed or
recommended here may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using
such independent advice, as they believe necessary. While acting upon any information or analysis mentioned here, investors may please note that neither AdviseSure Investment Advisors
nor any person connected with any associated companies of AdviseSure Investment Advisors , accepts any liability arising from the use of this information and views mentioned here. Each
recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in
this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment.
AdviseSure Investment Advisors
CORPORATE OFFICE : Level 8, Vibgyor Towers, G Block, C62,Bandra Kurla Complex, Mumbai 400 098, India
-------------
Website : www.advisesure.com
Email: [email protected]
