Tax Planning Guide 2021

By Morningstar |  05-04-21 | 
 

It is the right time to take a good look at your portfolio and start your tax planning now. Here is what you need to know to get you started.

8 tax-saving mistakes to avoid

6 questions on tax-free bonds answered

Equity Linked Savings Schemes, ELSS

These are tax-saving equity funds that qualify for a deduction under Section 80C of the Income Tax Act. The lock-in period is just 36 months, as against the much longer tenures of other tax-saving investments. However, do not be in a hurry to exit such an investment. If the market is low when the 3-year tenure is completed, hang on. Sell when the market is in your favour.

The 5 largest ELSS

4 ELSS to consider for tax saving

How to select an ELSS

Public Provident Fund, PPF

It is the most common tax-saving vehicle because its tax benefits are matched by no other investment. Coupled with the assurance of safety, it is a good avenue to consider.

Deposit your PPF amount today

All your questions on PPF answered

Make the right choice: PPF, NSC, FD

Do you really need a PPF account?

ELSS or PPF: A wrong comparison

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