Financial experts talk of several ways how your extra perks can maximize your returns
It is that time of the year when an employee has to inform the employer about the proposed investments in tax-saving instruments
NPS is a voluntary, defined contribution pension system from which you cannot withdraw the full amount at once
The best part is you can pick investments according to your risk appetite
Under Section 80C, you can claim a maximum deduction of Rs 1,50, 000
This last-minute rush is a half-hearted approach not just towards investment, but also towards tax saving
You first need to calculate your tax liability and check, what deductions you’re eligible for how much you’ve exhausted
If you have given the house on rent, you can offset the rental income with the interest on borrowed capital
You can claim tax deduction on investments up to Rs 1.5 lakh in avenues specified under section 80C of the Income Tax Act
Conservative investors looking for peace of mind and tax saving along with good returns will find NSC an attractive investment option