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INVESTMENTS 

Take  Grandpa's  advice    -      "Never put all your  eggs in one basket "

                                                             
Investments must be planned. There should be both long term investments for security and short term investment for liquidity. Some of the long term investments also give us tax savings and hence planning is necessary.

Tax Saving Investments

Deduction of the amount paid for investment is allowed as deduction from Gross total income, subject to maximum of Rs,1,50,000/-. Some of such investments are :-

            1)  Provident Fund     (GPF, PPF, RPF)

            2)  LIC Policy premium

            3)  Notified mutual funds

            4)  Post Office  CTD

            5) National Pension Scheme 

            Other Investments

The interest received from Provident Fund is also exempt and this investment is a must for everyone.  The dividend income is exempt from tax and hence you can invest in shares provided the return is good.

Email ID: askpcontax@gmail.com

capital gains | faq | home |  investments | income from house property | rates & rebates |  salaries
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