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Tax Saving Schemes

  • Individual above 60 years (VRS persons 55 and above) can invest.
  • Duration 5 years. Can be extended for further 3 years.
  • Multiple/Joint accounts are allowed.
  • Maximum Limit 15 Lakh.
  • Lock-in period 1 year. Premature closure allowed with penal interest.
  • Interest @ 9.3% p.a. payable Qly.
  • 1.5 Iakh invested earns Rs. 3450 per Qtr.
  • Interest earned is taxable.
  • Tax Exemption: Eligible for exemption U/s 80C for overall Invest. upto Rs. 1.5 lakh. Int. earned is taxable.
  • An individual can open only one account besides his GPF account.
  • Option to pay each contribution in one Iumpsum p.a. or in 12 installments.
  • Period: 15 yrs.(Min. 16 annual contributions). Can be contd. Further every 5 yrs.
  • Any individual can open an account singly or jointly.
  • More than one account can be opened without any limit.
  • Account can be opened for 1,2,3 and 5 years.
  • Interest for 5 years deposit is 8.4%
  • Premature withdrawal after 1 year attracts 2% penalty on interest applicable.
  • Amount withdrawn before 5 years period, tax will have to be paid on the withdrawn amount treating it as the income of that year.
  • Tax Exemption: Only 5 years term deposit with a Max. Investment of Rs. 1.5 Iakh eligible u/s 80C.
  • Option to continue after maturity for every 5 years.
  • Investment: Mm. 500; Max : 1.5 lac p.a.
  • Int. @ 8.7% compounded annually.
  • Can withdraw 50% of the balance from 7th year onwards.
  • An amount equal to withdrawal can be invested from current year’s income to make the account a self sus taining one.
  • Loan upto 25% of balance available (2 years ago) is allowed upto the end of 5th year.
  • Second loan is given after clearing the first loan.
  • No loan is given after 6 years from the date of first subscription.
  • After 15 years entire balance can be withdrawn.
  • Interest earned is totally exempt u/s 10(11).
  • Tax Exemption : lnvest uptoRs.1,50,000 qualifies for deduction u/s 80C.
  • A term Deposit to be opened with a scheduled Bank in the prescribed form.
  • Mi Investment Rs. 100/-Max. 1 Lakh.
  • The Term will be 5 Years.
  • Premature encashment not permitted.
  • Income-tax benefit amount of term deposit invested along with PPF/LIC/ NSC/ULIP, etc upto a max. of Rs.1.5 Lakh eligible for deduction u/s 80C.
  • interest earned on the deposit is taxable.
  • Market Oriented Scheme.
  • Investment as per risk profile. .
  • Provides Life Insurance, Accident Insurance coverage and also reinvestment of dividend in units.
  • Can remain in the plan to participate in further growth.
  • Tax exemption : Investment up to Rs.1.5 lakh is eligible for tax exemption U/s 80C. Dividend declared is fully exempt U/s 10(35). Maturity bonus is taxable in the year of maturity.
  • Variety of Plans available.
  • Major Benefit: Life Risk Cover.
  • Encourages to save compulsorily.
  • Besides covering life risk, gets tax benefit both at entry (premiums paid) & exit point (Maturity + Bonus).
  • Asset is created without having one.
  • Tax Exemption: Eligible u/s 80C for overall Investment upto Rs.1.5 lakh & maturity amount (Investment + Bonus) is totally exempt u/s 10(100). For policies taken on or after 1.4.2003, prem. exceeding 20% of the S. A. & policies taken on or after 1.4.2012 prem. exceeding 10% of the S.A. in any year, will not enjoy tax free returns uls 10 (10 D) or benefit u/s 80C.
  • Immediate Pension Plan for individual payable monthly/quarterly/half-yearly/yearly as per necessity.
  • Minimum Investment Rs. 25,000.00 to Rs. 1,00,000.00 depending on Pension Providers.
  • Various annuity options available as per requirement.
  • Tax Exemption : Eligible for exemption uls BOC for overall Investment upto Rs. 1.5 lakh.
  • Annuity under various options as provided by Pension Providers.
  • Option to commute 25% of Pension Corpus at the time of vesting.
  • Tax Exemption : Premium paid upto Rs. 1.5 Lakh pa., either under Single Premium or regular Policy is totally exempt u/s 8OCCC (Under 80C)
  • Most favourite investment
  • Open ended. Lock-in 3 period years.
  • Many of the Funds have given excellent returns during recent past. Max. tax benefit plus max. returns.
  • Tax Exemption/Benefit: Eligible for exemption u/s 80C for overall Investment upto Rs. 1.5 Iakh.
  • Dividend earned is exempt u/s 10(33).
  • Can buy Single / Jointly.
  • Duration 6 years / 10 years.
  • Inrerest rate is 8.5% p.a. for 5 years. & 8.8% for 10 years.
  • Interest accrued between 1st. & 5th. year is deemed to have been reinvested.
  • Investment & deemed reinvestement upto Rs. 1,50,000 is eligible U/s 80C.
Tax Saving Schemes

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