The primary tax deductions that every tax payer claims are those under Section 80C of the Income Tax Act, 1961. Under this section, you can claim deductions of up to Rs. 1.5 lakh and if you are in the 30% tax bracket.Read More
Equity Linked Saving Schemes (ELSS) or tax saving mutual fund schemes as they are called, help investors to save taxes. This is because investments in ELSS funds qualify for a tax deduction. However, this is possible only if you choose the old tax regime. Read More
You might have heard financial experts tell you that you can invest in mutual funds for goals such as your retirement or your kid’s education. This is because over long periods, equities have the potential to outperform every other asset class. Read More
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