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Tax Saving Plans : Top 5 Tax saving investment Plans

Banks do not offer any overdraft facility on these fixed deposit investments, unlike normal FDs. The interest for Best tax saving plan fixed deposits is generally compounded quarterly and gets reinvested into the fixed deposit along with the principal amount.

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Tax Saving Plans : Top 5 Tax saving investment Plans

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  1. Best Tax Saving Plan

  2. Top 5 Tax saving investment Plans

  3. When Frank Sinatra sang ‘Fly me to the moon…’ he probably wasn’t thinking that we humans would actually make living on the moon possible. • Although that plan is for a couple of years away, you could always start saving up to make it to the moon. • Tax saving investment plans could just be the best way to help you get that moolah. Surprised?

  4. Home Loan Principle: • You may wonder how a home loan can be an investment vehicle. A loan is a liability, but a home loan, being a financial assistance for an appreciating asset (like a real estate investment), the principal portion of a home loan repayment works as an investment. • Tax Saving Mutual Funds or ELSS: ELSS or Equity Linked Saving Scheme is one of the most popular tax saving instruments that offers handsome returns. ELSS is a diversified equity mutual fund that has a three year lock in period, which is the shortest amid all tax saving instruments. You can save up to Rs.1 lakh on tax under the ELSS scheme

  5. Tax Saving Mutual Funds or ELSS: ELSS or Equity Linked Saving Scheme is one of the most popular tax saving instruments that offers handsome returns. • ELSS is a diversified equity mutual fund that has a three year lock in period, which is the shortest amid all tax saving instruments. You can save up to Rs.1 lakh on tax under the ELSS scheme. • ELSS funds give returns ranging from 13% to 22% per annum, depending on the type of fund. • Any returns received from equity funds after one year are also tax free.

  6. The interest for Best tax saving plan fixed deposits is generally compounded quarterly and gets reinvested into the fixed deposit along with the principal amount. Source: (https://blog.bankbazaar.com/top-5-tax-saving-investment-plans/)

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  8. Click to know more on Best Savings Plan : https://www.bajajallianz.com/Corp/savings-plans/savings-plans.jsp Thank You

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