kams19 0 Report post Posted January 8, 2007 Hi Everyone, I think most of us may be a part of some company work-force. Why not help each other in saving tax by means of investments. lets come up with the best available plans in the market.. and by chance is someone of us who is an insurance agent.. i think he'll get free leads even.. Kishore Share this post Link to post Share on other sites
theking 35 Report post Posted January 8, 2007 damn...i always spend every penny i get and pay the damn taxes to the govt. manytimes! car installments+gf expns+blah blah blah and its all over! Share this post Link to post Share on other sites
spdf 0 Report post Posted January 8, 2007 ^^^hmm...you have to start the good habit of saving some penny for the future.. Share this post Link to post Share on other sites
theking 35 Report post Posted January 8, 2007 i leave that to my mom still, got some junk up here and there which my gf forces me to punchin but, being a martinet at times, ipo's and blocked infra funds and ofcourse the sip's helps a lot! Share this post Link to post Share on other sites
Sadikk 301 Report post Posted January 8, 2007 Home loan save u good from tax. Share this post Link to post Share on other sites
theking 35 Report post Posted January 8, 2007 home loan surely gives u a deduction u/s 24 of the act...but thats not investment...the section is itself subjected to restrictions! but a good deduction though where the source income can be allowed to flow at a negative point! but the investments go a long way considering the booming market rather than a home loan and the tax savings on it! Share this post Link to post Share on other sites
HetalDP 947 Report post Posted January 8, 2007 Thats nice Saving tax will be motto for every one I have a nice Plan I myself had INvest Rs. 100,000 in Birla Sun Life Tax Releif 96 I Have Invested Rs. 195 a Unit already got Rs. 25 as Tax Free Dividend and Expected Rs. 75 Dividend in 3 Chunks in Feb, Mar, Apr So anybody still not made any plan can go for it. You will get the Unit at 175 and Get Rs. 75 Back as Tax Free Dividend means Only Investing Rs60 take Benefit of Rs. 100 This Scheme is ELSS (Equity Linked Saving Scheme and Invest 80 % in Stock in 20 % in Bonds) Share this post Link to post Share on other sites
kams19 0 Report post Posted January 9, 2007 So finally ideas are pouring out.. Can some one compare the pension plans.. and do they save tax?? Share this post Link to post Share on other sites
neerajayshree 36 Report post Posted January 9, 2007 If your salary slip has a bifurcation ond if it has HRA as a part of it their is one more way you can get it exempted if you can show that you are paying rent upto 90% of that amount Share this post Link to post Share on other sites
HetalDP 947 Report post Posted January 9, 2007 1. One Time Payment of Premium means Single Premium Policy can also Help you out Just pay Hefty 40 - 50 thousand to any One Time Policy for 25 year Plan You will get 25 year Cover and You also dont have to worry for every year Repetition of Premium 2. Another Think is 5 Year Bank FD 3. PPF / Kisan Vikas Patra / Indira Vikas Patra 4. ELSS (Stock Market related Product) Share this post Link to post Share on other sites
kams19 0 Report post Posted January 9, 2007 Im looking for, infact most of us would be intrested in, small investments every month, that would not only save tax but also increase our wealth.. I know there are many products for this, but then i dont know that which one is the best.. or which product has the drawbacks.. It would be great if someone, who has already invested, throw some light on this. HPNASIK.. good job buddy! Share this post Link to post Share on other sites
theking 35 Report post Posted January 9, 2007 If your salary slip has a bifurcation ond if it has HRA as a part of it their is one more way you can get it exempted if you can show that you are paying rent upto 90% of that amount HRA u/s 13A of the Income tax act is exempted to the following limits (but for the purpose, u need to provide rent proof's to the company....the rent can ofcourse be paid to the relatives ) (rental agreement can be executed on a Rs.50 judicial stamp paper, which can also be with a close relative) -Amt Received from employer as HRA -Rent paid (Less) 10% of Salary (i.e. rent paid in excess of 10% of salary) -40% of salary (50% in metros) Salary here means basic+DAE+fixed % of commission on turnover, if any. Share this post Link to post Share on other sites
theking 35 Report post Posted January 9, 2007 1. One Time Payment of Premium meansSingle Premium Policy can also Help you out Just pay Hefty 40 - 50 thousand to any One Time Policy for 25 year Plan You will get 25 year Cover and You also dont have to worry for every year Repetition of Premium 2. Another Think is 5 Year Bank FD 3. PPF / Kisan Vikas Patra / Indira Vikas Patra 4. ELSS (Stock Market related Product) in the recent trend of the capital marked, i would like to keep 75% of the investments linked to the market's long term infra performance! Share this post Link to post Share on other sites
ssr 10 Report post Posted January 9, 2007 (edited) Any tax saving MF comming(NFO) this month ? I was not able to appy for an NFO last month Edited January 9, 2007 by ss_rakesh Share this post Link to post Share on other sites
HetalDP 947 Report post Posted January 9, 2007 (edited) Dont go for any NFO Just go for Birla Sun Life Tax Releif 96 If you Require the Form I can Provide you via Email Edited January 9, 2007 by hpnasik Share this post Link to post Share on other sites
compenn 0 Report post Posted January 9, 2007 For mutual funds ELSS or else see valueresearchonline.com Go for any 5 star rated funds from that site. HDFC Tax saver and SBI Tax Gain is the best ELSS since last 5 years or more. Share this post Link to post Share on other sites
Saurav 22 Report post Posted January 14, 2007 what is the procedure to become Reliance Monet Business Associate. Share this post Link to post Share on other sites
srini 1 Report post Posted January 16, 2007 For mutual funds ELSS or else see valueresearchonline.comGo for any 5 star rated funds from that site. HDFC Tax saver and SBI Tax Gain is the best ELSS since last 5 years or more. But NAV of the SBI ELSS fund is more...so better to go for fresh ELSS funds, where in lot of growth potential will be there. Reliance ELSS fund will also be fine as its NAV is still at Rs15 Share this post Link to post Share on other sites
