Best Tax Saving Instruments

ImageIt is the tax saving time. The time has come when people are locking their investments to save tax. Sachin Karpe, who used to be a financial advisor once, will give enlighten on some investment tools.

PPF or Public Provident fund: This is one of the most secured forms of investment tools. With an annual interest of 8.7% which in non-taxable, the money saving caliber increases. Qualified for tax saving under section 80c, this tool is safe and popular. One could save upto 1 lakh in a year. One can withdraw money from it only after 15 years.

FD or fixed deposits: Lot of banks now offers fixed deposits at attractive rates. To be able to avail tax benefits, one needs to save for atleast 60 months or five years. Although the interest is taxable, it is healthy tool to meet your short term financial goals. It can also be extended further, observes Sachin Karpe.

Life Insurance: Your and your family’s security is also very important. Life insurance policies not only cover you for life but also offer attractive returns. While buying it, however, the focus must remain on the insurance part and less on investment par, tells Sachin Karpe.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Tag Cloud

%d bloggers like this: