Market Ticker

Translate

Monday, January 31, 2011

5 Things to consider before: Tax Planning

Evaluate your options


Know the options, risk associated and lock-in period associated with the tax saving investment option under Rs. 1 Lakh Limit (Section 80 C)

Choose your objective


Know the capital gains tax treatment (short and long term) of the investment option

Plan cautiously


Hurriedly investing lump sums as a quick tax saving scheme could have potentially adverse results. You also lose on one of the biggest benefits in investment: the power of compounding. Think carefully before investing; never rush in!

Health is wealth


Invest in a health insurance scheme, if you don’t already have one. It’s a smart tax saving tool on a premium of upto Rs. 15,000 p.a., and gives health cover as well!

Avoid rush hour tax planning


Don’t leave tax planning to the last minute. This may create a liquidity crunch. Plan your taxes well in advance, and invest at regular intervals rather than in a lumpsum.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Saturday, Jul 12
01:00 CFTC Oil NC Net Positions 1 209.4K 234.7K
01:00 CFTC Gold NC Net Positions 1 $203K $202K
01:00 CFTC S&P 500 NC Net Positions 1 $-140.0K $-86.8K
01:00 CFTC GBP NC Net Positions 1 £33.2K £31.4K
01:00 CFTC AUD NC Net Positions 1 $-74.3K $-70.1K
Monday, Jul 14
04:00 Business NZ PSI 2 44
04:15 Electronic Card Retail Sales (YoY) 1 0.9%
04:15 Electronic Card Retail Sales (MoM) 1 -0.2%
04:31 Rightmove House Price Index (YoY) 1 0.8%
04:31 Rightmove House Price Index (MoM) 1 -0.3%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener