1. t-Axed
One cannot evade death or taxes. People end up a wrong
financial instrument on a good sales pitch or end up
taking something just at the heck of it to save taxes.
When I ask people in a very simple way would you like
to pour more water into a bucket which is already full.
The answer comes back a big “NO”.
Unfortunately people tend to fall for a “bucket full”
situation and end up nowhere.
Let’s look into what the customers really have?
1. A Big and Fat insurance policy? Are you covering for your life
or towards the funeral expense? Sounds weird, but most of
us end up having a policy which covers only for a year or two
after the demise of the policy holder.
2. National Saving Certificates and Tax saving fixed deposits. A
good saving instruments but the amount at maturity is taxed.
(Tax deduction at Source)
3. ELSS: A really good starter to invest into stock market
through the mutual fund route.
4. PPF: A nice and safe way to invest your money. But the
lnvestment stays locked in for 15 years.
5. ULIPS: Combines the insurance and mutual fund together. A
not so friendly option to choose or take.
6. Sukanya Samriddhi Scheme: An awesome saving and tax free
instrument. With high returns and providing security.
With all that we ignore that we have our very own
a)12% contribution to the Employee provident fund, the
savings keeps increasing year on year with the salary hikes.
b)Housing loan Principle repayment
c) Children Education/Tuition Fee.
Saving
income
tax has
never
been this
easier
Taxspirin Financial Services
Hyderabad, India
Mail@: taxpirin@gmail.com
“Our Aspirin to your income tax”