I’m sure you must have tried to meet your tax saving targets throughout the F.Y. But in the end, it is likely that you still need to push a little to compensate for that windfall bonus and the increment this year. Even if no bonus or increment happened don’t worry, just see if you have utilised your tax saving limits completely. If not, use the following tax saving options to save additional tax within few minutes.

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The good news is that investing does not have to be complicated; in fact, it can be fairly simple if you know how to go about it, that is. While a lot of people make the mistake of thinking that investment is only for the wealthy, that’s far from true. What is true, however, is that when it comes to being wealthy, for the most part, the wealthy have made an investment at one point or another, which has got them to where they are now. Wealth doesn’t just magically happen, to have a large sum of money, you have to take certain steps, such as being braving and making an investment.

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Ashish and Bala are both 50 year old Vice Presidents in a renowned IT firm. Both are looking to retire in about 10 years’ time and want guaranteed income for their lifetime once they retire. Incidentally, both have received handsome bonuses recently, which they want to invest in an instrument that will help to ensure a guaranteed income post their retirement (at age 60).

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The most popular game in India is cricket and if you are a lover of this game, you may want to cheer from the stands during the ICC World Cup in 2019. England and Wales are jointly going to host the World Cup in 2019.

Although the official venues have still not been decided, it is anticipated that the final may be played at Lords while the opening game may be hosted at the Oval. Do you want to cheer from the stands in the upcoming ICC World Cup?

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To be a smart tax saver, you need to know your income and tax liability. The Indian government provides several options you may use to make better investment decisions while reducing your tax liability.

Are you stuck on Section 80C of the Income Tax Act, 1961 as is the case with most people? There is no doubt that this section offers some excellent tax-saving options, but there are several other avenues you may consider to save taxes, which are discussed below:

  1. National Pension System (NPS)

This pension scheme was launched in May 2009. To contribute to NPS, you need to open an account with the Central Recordkeeping Agency (CRA). You will receive a unique Permanent Retirement Account Number (PRAN). In addition to the Section 80C deduction, contributions up to INR 50,000 per year are eligible for exemption under section 80CCD (1B). Your money is invested in different asset classes, which includes equity, debt, and government securities. The returns on your investments will depend on the performance of these assets.

  1. Rajiv Gandhi Equity Savings Scheme (RGESS)

Under the RGESS, you may invest up to INR 50,000 in certain approved stocks to claim benefits under section 80CG. However, this benefit is available only when you invest for the first time. One reason this investment option is not popular is because of the high risk associated with stock investing.

  1. Education loan interest

If you have availed of an education loan, the interest paid for the year is tax-exempt under section 80E. However, unlike the principal repayment on a home loan, no tax benefit is available for the repayment of an education loan’s principal amount. This is one of the best tax-saving investments, but unfortunately, not many people are aware of this benefit.

  1. House rent allowance (HRA)

If you live in a rented home, you may claim tax benefits under section 80GG of the Income Tax Act. The deduction depends on your location. It is recommended you speak with your company’s human resource department to know the exact HRA benefit that is available.

  1. Home loans

In the last year’s Union Budget, Finance Minister Mr. ArunJaitley enhanced the interest benefit on a home loan. The deduction amount was increased from INR 1.5 lakh to INR 2 lakh per annum. In addition, INR 50,000 paid as home loan interest may be claimed under section 80EE starting from the financial year 2016-17. However, there are certain conditions that you must fulfill to be eligible for this deduction. These include:

  • The loan must be availed of between April 1, 2016, and March 31, 2017.
  • You must own the said property in your name.
  • The borrowed amount must not exceed INR 35 lakh.
  • The value of the home must not be more than INR 50 lakh.


  1. Health insurance

Medical costs are constantly rising. Therefore, safeguarding yourself against any health issue is important. A premium of up to INR 25,000 (INR 30000 for senior citizens) is eligible for tax deduction under section 80D. The benefits under this section also include preventive health checkup expenses.

  1. Charitable donations

If you donate some amount to certain non-government organizations (NGOs) in check, the same is eligible for tax benefits under section 80G. However, the deduction may either be 50% or 100% of the total amount based on certain criteria. This benefit must be claimed when you file your income tax returns (ITR).

If you have missed any of the aforementioned benefits, you may still opt for tax-saving options like the ones discussed below:

  • Public provident fund (PPF)

PPF is a popular option because it provides a fixed rate of return based on the interest determined by the government authorities. The lock-in period for such accounts is 15 years. The principal, interest, and maturity benefits are all tax-free, which makes it one of the best tax-saving investments.

  • Bank FDs

You may also invest in bank FDs, which have a lock-in period of five years. The interest rate is similar to regular deposits. However, the interest income is taxable, which reduces your actual return on investments.

  • Equity-linked savings schemes(ELSS)

An ELSS comes with a three-year lock-in period. These funds invest in equities, which have the potential to deliver high returns. Additionally, the dividend and maturity proceeds on equity-linked savings schemes are tax-exempt, thereby making these a popular tax-saving mutual fund product.

Investment decisions are not random and require research and analysis. ARQ, the investment engine from Angel Wealth, does exactly this. It uses scientific methods to analyze and evaluate funds based on a billion data points. The best tax-saving mutual funds are customized depending on your risk appetite, lifestyle, and financial goals.

The entire procedure is automated, ensuring there is no human bias. Download the mobile app today and invest to reduce your tax liability.


EMI schemes were brought into being as a ways of encouraging people to stay with small businesses and work with them. The benefits of such work included shares in the company, benefits for them the longer they stay as employees, and an overall boost in morale which comes with feeling more involved in the direction that the company is taking.EMI schemes allow people to become more important to the business than they otherwise would – the EMI scheme works both ways – it keeps people loyal to the business, and helps them see that working for it wouldn’t be the knock to their career they feared, and means that the business will have experienced workers.

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As your business grows, it will need more money to fund it. Although it would be ideal if that money came from its profits, sometimes that just isn’t possible. It could be due to problems with cash flow, or because the money needed to expand is much more than you currently make, and it’s the expansion itself that will lead to a big rise in your profits. The good news is that getting a business loan is usually possible, although it will depend on your financial situation, and if you are using it to expand the business, the increase in profits should be more than enough to pay it back, including the interest. So what different types of loans can you get for your business?

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Most lenders have understood the wide variety of reasons why individuals and businesses take a loan. Today, loan products are so versatile that they cover almost every sphere of life and every need that can be fulfilled. A loan can be availed for an education, home, an automobile, to travel, pay for a wedding or to enhance your business prospects.

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What is the ideal mode of safe keeping your hard-earned money? Maybe a locker in your house? Nah… The money doesn’t grow and can easily be stolen. A savings bank account? Nope… The money is safe but ten years down the lane its real value would have degraded to far less than today. O Yes… What about fixed deposits! They offer protection and growth too…Indeed! But you can do better than that. Behold ULIP.

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With better internet connectivity and mammoth advances in the field of communication, the world has now become a closely-knit community, which was still a long-drawn dream even a few years back. The advent of Android-based mobile platforms has urged the new age tech-savvy generation to drift more towards online/mobile based banking, luxury goods purchase, information gathering, education, healthcare, day-to-day earning and even grocery shopping!

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Mutual funds are something that every lazy investor would opt for. If you do not have enough time to monitor the happenings of Dallal Street, then you are better off with mutual funds. Mutual funds let you take advantage of the market gains without asking for your time. With mutual funds, even small-scale investors get to make most of their invested money since their investment is being professionally managed into diversified fund portfolios.

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