[ad_1] The decision to allow 100% foreign direct investment (FDI) in the insurance sector may not significantly alter competition dynamics, according to HDFC Life’s MD and CEO, Vibha Padalkar. While the move could attract foreign insurers or investors seeking full control, past FDI increases did not result in substantial capital inflows. The key factor, the […]
ELSS Mutual Funds – Meaning, Benefits & Ways to Invest – CNBC TV18
[ad_1] ₹An equity-linked savings scheme or ELSS is among the popular choices for long-term investors. It offers high returns and offers tax benefits under Section 80C of the Income Tax Act. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large […]
How to plan tax-saving investments? Tips to maximise income tax benefits – CNBC TV18
[ad_1] Tax saving is an essential exercise in financial planning as an effective and intelligent strategy can help individuals meet their financial goals. Through various investment options, taxpayers look forward to identifying different ways to reduce their total Income Tax liability. A wide range of tax-saving investment instruments are currently available to claim deductions and […]
What is ELSS, and how does it combine savings with tax benefits? – CNBC TV18
[ad_1] ELSS, or Equity-Linked Savings Scheme, is a tax-saving mutual fund designed to help investors save on taxes while participating in the equity markets. As an open-ended scheme, ELSS offers investors the flexibility to invest in a portfolio of diversified stocks across different market capitalisations. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now […]
Tax-Saving FDs or ELSS: How to choose between them? – CNBC TV18
[ad_1] When it comes to tax-saving investments under Section 80C, two popular options are tax-saving Fixed Deposits (FDs) and Equity Linked Savings Schemes (ELSS). Both offer tax deductions of up to ₹1.5 lakh, according to Rohit R Chauhan, Founder of Ingood, but they cater to different investor profiles based on risk appetite, returns, and financial […]
Income Tax Day: Best strategies to save tax and maximise savings – CNBC TV18
[ad_1] Finance Minister Nirmala Sitharaman presented the Union Budget on July 23, introducing significant changes under the new Income Tax regime. The standard deduction has been increased by 50% to ₹75,000, and the tax slabs have been adjusted to benefit the salaried class. These new tax slabs will take effect from April 1, 2024 (assessment […]