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Sqrrl- Tax Benefit Investment

For tax benefit investment, Sqrrl app gives multiple options to invest according to Section 80C and 80CCC. Tax exemptions under Section 80C offer numerous benefits by saving your hard-earned money from paying excess in taxes. Using the Sqrrl app, you can invest in multiple schemes under section 80C and avail greater returns. For tax benefit investment, use the Sqrrl app.

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Sqrrl- Tax Benefit Investment

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  1. SqrrlFintech Best Mutual Fund App

  2. Tax Benefit Investment – Benefits under Section 80C • If you want to invest in tax benefit investment, you have to first know the various tax benefits under section 80C. • Many expenditures and investments that are exempted from income tax are pointed by clause Section 80C of the Income Tax of India. Section 80C allows for a maximum deduction of up to Rs. 1.5 lakh every year from any investor’s total taxable income. There are enormous taxbenefits under section 80Cthat one can avail. • It is applicable for only individual taxpayers and the Hindu Undivided Families. Section 80C doesn’t allow Corporate bodies, partnership firms, and other businesses to avail tax exemptions.

  3. Here is a list of different investments and expenditures where you can get tax benefit under section 80C for the current financial year: • Employees’ Provident Fund (EPF) & Voluntary Provident Fund: • As your contribution to EPF, a part of your salary is deducted every month. While computing your total taxable income, the total amount deducted annually can be claimed by you as a deduction. However, you must check how much interest is earned on the corpus during the financial year with your employer. If the interest earned is above the limit of 9.5 per cent, then it’s taxable in the hands of the employee. • Public Provident Fund (PPF) • PPF is a scheme by the government where the invested amount is eligible for deduction under section 80C. You can invest in PPF as low as Rs 500 and also as high as Rs 1.5 lakh in a financial year. The maturity of PPF is 15 years and is currently tax-free.

  4. Life Insurance Premiums • Your spouse or your children can also be included in section 80C deduction if you pay any amount towards life insurance premium for yourself. You should note that if you pay a premium for your parents (father/mother/both) or your in-laws, it is not eligible for benefit under section 80C. All the premiums can be included if you are paying a premium for more than one insurance policy. • Equity Linked Saving Scheme (ELSS) • To offer you tax savings, there are some mutual fund (MF) schemes specially created, and these are called Equity Linked Savings Scheme (ELSS). Any tax benefit investment that you make in ELSS is eligible for deduction under section 80C. As it is equity-linked, ELSS has the potential of earning higher returns compared to other tax benefit investments

  5. Looking to invest in tax benefit investment?? • Download the Sqrrl app, a mutual fund app where you can get maximum tax benefit under Section 80C along with a higher profit potential. • Try Sqrrl app now!

  6. Thanks for watching us • For more information visit our online portal: • https://sqrrl.in • Email us on: support@sqrrl.in • Contact us on: 7840877775

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