Investment Wisdom Under Section 80C (Tax Planning)

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INVESTMENT WISDOM UNDER SECTION 80C
TAX PLANNING
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DECEMBER
The tax birds start to chirp loudly and slowly
but surely
Difficult to make wise investment decisions in
December, more so in March
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APRIL IS A VERY GOOD TIME
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Planning to invest to claim tax deduction under
section 80C
Here are some WISE THINGS to do when you WAKE UP
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1
DO YOU HAVE TERM INSURANCE?
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TERM INSURANCE
First investment
Risk cover plan
You wont get anything if you survive the policy
term
Tax deductible expense
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• Gives you adequate risk coverage at a lower
  premium
• Some companies also offer critical illness riders
  which are worth a look

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2
DO YOU HAVE HEALTH INSURANCE
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HEALTH INSURANCE
Unexpected medical expenses
Dent your financial planning
Health insurance coverage helps
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3
HAVE YOU INVESTED IN ELSS
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EQUITY LINKED SAVINGS SCHEME
Diversified mutual fund
Tax benefit under section 80C
Stay invested for 10 years
Average returns from these schemes are much higher
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• Stay invested for 10 years or more to let the
  compounding factor to play out and benefit you
• Most people are heavily invested in debt which
  includes bank deposits, NSC, PPF, EPF, etc.

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ELSS funds is being taken here for illustrative
purpose
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MORE INFORMATION
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