Sunday, August 28, 2011

Tax Saving Schemes

 Tax saving schemes are like tax rebates to the investors under tax law 80C. In accordance to government rules and regulations all generated income in taxable according to various income brackets. To make life a tad easier under sec 80C one can benefit with investments made. There are open ended equity linked saving schemes - ELSS which avail of the 80C benefits and help save close to 33k on a given financial year, thus ensuing max tax savings against the salary

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