Tax Planning?
My yearly gross income is around 5.2 lacs. Can anybody suggest me which will be best mutual fund investment for tax saving? It should have a good return value as well.
My yearly gross income is around 5.2 lacs. Can anybody suggest me which will be best mutual fund investment for tax saving? It should have a good return value as well.
You can invest in the schemes of Prudential ICICI, Franklin Templeton. Both these Companies are proving for many good schemes which are giving good return value ..
Invest before 31st March to get the deduction under Sec 80C of the Income Tax Act.
Regards,
Rb..
Your question is ironic.
You want to make more income by investing in a mutual fund, and you want to do it in a way that you pay less in taxes.
Think about it.
The more income you get, the more taxes you pay (that’s why they call it “income” tax).
Don’t be afraid to be successful in life. Increase your income as much as you want. You will never be taxed more than 100%, and that means that it’s ALWAYS in your best interest to make more money.
If you’d like to pay less in taxes, all you need are some tax sheltered plans, but you can only save a minimal amount.