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5 BEST TAX SAVING INSTRUMENTS

Best investments for saving taxes

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5 BEST TAX SAVING INSTRUMENTS

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  1. 5 Best Tax Saving Instruments

  2. A perfect tax Saving scheme may not give the best returns, but the Tax it saves is enough to compensate for the lesser returns Return Tax Friendly The returns on Tax saving products should have minimum Tax Features of Perfect Tax Saving Scheme Low Risk Should have lowest risk of principle Erosion in Long term Liquid Should be Considerably Liquid or Loan can be taken against it Source- AdviseSure Research

  3. Equity Linked Saving Scheme (ELSS) are Tax Saving Mutual Funds which invest in Equity Shares. They have a lock-in period of 3 years About  Tax benefit under Section 80C of Indian Tax Act  High Returns of Equity  Returns are also Tax free Benefits 01ELSS- Tax Saving Mutual Fund If Lump Sum – Rs. 5,000 If SIP – Rs. 500 Minimum Investment  Axis Long Term Equity Fund (G)  ICICI Pru RIGHT Fund (G)  SBI Tax Advantage Sr-2 (G) Top 3 Funds Source- AdviseSure Research

  4. Public Provident Fund is a Tax Saving scheme which provides tax savings and decent returns on investment About  Investments upto Rs. 1.5 Lac are Tax Exempt  Loan and withdrawal option is also available depending upon the amount deposited Benefits 02PPF Public Provident Fund Minimum Investment – Rs. 500 Maximum Investment – Rs. 1.5 Lac Investment 8.70% with effect from 1stApril 2013 Interest Rate Source- AdviseSure Research

  5. Term Insurance is life insurance, which is only for covering financial risk associated with the death of the person and not for investments About  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 Benefits 03Term Insurance Maximum amount allowed for Tax deduction is premium of Rs. 1.5 Lac Allowable Amount  HDFC Life Click 2 Protect Plus  Bajaj Allianz – iSecure  Bharti Axa Term Plan - eProtect Top 3 Term Insurance Source- AdviseSure Research

  6. Mediclaim policy that takes care of hospitalization expenses by reimbursing actual medical expenses About  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 Benefits 04Mediclaim Insurance Minimum Amount – Rs. 2,000 Maximum Amount – Rs. 20,000 Allowable Amount  Star Family Health Optima  Max Bupa Heartbeat Health Gold  Apollo Munich Easy Health Exclusive Top 3 Medical Insurance Source- AdviseSure Research

  7. A fixed deposit is an instrument provided by banks which provides investors with a rate of return which is higher than a regular savings About  Long Term Saving  Decent rate of Interest varying from 8-9.5 from Banks to Banks Benefits 05Bank FD Tax Saving Fixed Deposit Maximum Tax Exempt amount has been increased to Rs. 1.5 Lac, however one can invest more in an FD every year Investment  Bharat Co-operative Bank (9.5%)  Lakshmi Vilas Bank (9.25%)  Andhra Bank (9.1%) Top 3 Funds Source- AdviseSure Research

  8. We Offer Advisory Fees Rs. 365 Per Annum Customized advise only for you Customized , unbiased Wealth Management @Rs. 1 per day Regular Review and Rebalancing Unlimited Long Term Investment Advise Tax efficient portfolio design No Minimum investment Substantial Savings in Commission ( Optional)

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