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Thursday, February 2, 2012

Tax Saving Products

 
Investing to save tax is a good start, but to consolidate on this approach you should align the tax-saving benefits with your financial goals than be driven with the idea of only saving taxes. There are several products, in which investments qualify for tax deductions under Section 80C up to 1 lakh in a financial year.

 

Tax planning funds, insurance premium, Ulips, PPF, NSC, bank fixed deposits and pension plans are some of the product categories that you can consider. The lock-in and assured or market-linked returns vary for each of these products.

 

For instance PPF, NSC and bank fixed deposits provide guaranteed returns, whereas Ulips and tax planning funds have a market-linked return. None of these instruments guarantee 15-20% return that you are expecting. If you are looking for guaranteed returns, with the shortest lock-in; the five-year bank fixed deposit is the ideal investment option for you to save taxes.

 

If you can stomach some risk, the three year lock-in of tax planning funds can suit your requirements. Depending on your comfort, you can select any of the products to invest and save taxes.
 

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

These Application Forms can be used for buying regular mutual funds also

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

 

Submit filled up application    Collection canter near you

 

 

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How to apply to IRFC Bonds?

Apply for IRFC Tax Free Bonds forms below

Download IRFC Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

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How to apply to HUDCO Bonds?

Apply for HUDCO Tax Free Bonds forms below

Download HUDCO Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

 

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How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

Download REC Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

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