Tax saving options under Section 80 C
Dear Friends, In this season of Income Tax Return (ITR), I am here to share with you some tax saving options. As per the Income Tax act, you can invest upto Rs. 1.5 lakh for the Financial year 2016-17 and can claim tax rebate on the same. There are various instruments in which you can invest as per you risk profile, age and time horizon of investment. Unlike previous years when interest rates were set for the full year, the government will from now on set them every quarter, based on the previous 3-month yields on Government-Securities or G-Sec. My thinking is you should not invest randomly at the last moment just for the sake of Tax saving , Rather you should plan it logically at the start of Financial year and invest properly. This will have 3 benefits: a) When you plan and invest there is very less chance of you getting trapped in some unwanted tax saving instruments for long term. b) You save tax. c) This will help you to save and grow your money f