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Tuesday, November 7, 2017

Invest Tax Refund


As more and more taxpayers fill their IT return online without professional help, chances are that you will get a hefty tax refund. Here are four smart ways you can invest your tax refund.


As more and more taxpayers fill their IT return online without professional help, chances are that you will get a hefty tax refund. Here are four smart ways you can invest your tax refund.

Fund Your Emergency Expenses

To put yourself in a strong financial position, put your refund cheque into your emergency savings account. This special savings account will allow you to cover any expenses in case of an emergency, such as being laid-off from work or faced with unexpected medical bills.

Invest in Real Estate

If you don't yet own your own home, but would like to some day, now is the time to start working toward that goal. If you have already taken a loanpaying off or reducing your principal amount early can help you save money in interest. Check with your lender to see what early payoff options are available under your loan terms.

 Pay off debt

If you have high-interest credit card debt, putting your tax refund cheque towards paying it off will likely give you greater returns than any other option. That's because when the balance you owe to credit card companies goes down, the interest or finance charges you have to pay on that debt also goes down. Depending on your interest rate, you'll be saving anywhere from 10% to 29% per year in interest on any portion of your balance that you manage to wipe out.
 
Save for Retirement

If your credit card debt is non-existent and you've got several months worth of living expenses saved up, consider yourself ahead of others. To strengthen your financial position even further, consider putting your tax refund cheque into pension schemes like National Pension System (NPS) and Public Provident Fund account.


Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to Invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Tata India Tax Savings Fund 

3. Birla Sun Life Tax Relief 96

4. Sundaram Diversified Equity Fund

5. ICICI Prudential Long Term Equity Fund

6. Invesco India Tax Plan

7. Franklin India TaxShield 

8. Reliance Tax Saver (ELSS) Fund

9. BNP Paribas Long Term Equity Fund

10. Axis Tax Saver Fund


Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300


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