Buying a term plan for tax saving? Don’t make these costly mistakes

Buying a term plan for tax saving?

Don’t make these costly mistakes

A term insurance plan helps you save tax on the premium that you pay towards the policy. The premium is allowed as a deduction under Section 80C of the Income Tax Act, 1961. You can claim a maximum deduction of Rs.1.5 lakhs which converts to a tax saving of Rs.45,000 if your tax slab rate is 30%.

......

Tax planning or goal-setting: Let your needs drive investment decisions

When making investment decisions, you often come across two main aspects – goal-setting and tax planning. Which aspect, do you think, is the more important of the two?

In reality, both these aspects have their respective importance and prudent investment decisions cannot be made without either.

Confused? Let’s understand.

 

What is goal-setting?

Goal-setting......

Insure your Loved Ones this Valentines Day

Array......

How to save Tax with ULIPS

What do you choose when you want insurance coverage, market-linked returns, and tax benefits?

You choose ULIPs.

ULIPs, or Unit Linked Insurance Plans, are investment oriented life insurance policies. They help you earn market-linked returns on your investments so that you can build up an inflation-adjusted corpus for your financial goals. Moreover, with the flexibility of partial withdrawals, top-up premiums, switching, e......

Secure your child’s future with Aviva Nivesh Bima

Having a child is a milestone in every parent’s life where the child becomes their little bundle of joy. While a child brings happiness into the family, planning for its secure financial future becomes every parent’s primary responsibility. Parents toil day in and day out to ensure that they can provide the best for their children. If you are a parent, you will relate to this sentiment. You want the best for your child, whether in terms of nutrition, education, or career.

<......