1 Direct taxes are paid by an individual or organisation to the government and cannot be passed on to another individual or entity.
2 The most common example of a direct tax is the income tax that individuals and corporates pay. Wealth tax is another direct tax that is levied by the government.
3 The rates of direct taxes are prescribed every year in the Finance Act, presented to the parliament with the Union Budget.
4 The Central Board of Direct Taxes, a part of the Ministry of Finance, is responsible for administration of the direct tax laws through the income tax department.
5 The Income Tax Act and the Wealth Tax Act prescribe the manner in which the tax will be levied, computed and collected, and the rights of the tax payers.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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