Monday, August 17, 2015

Prajna Capital

Prajna Capital


Claiming LTA deduction

Posted: 17 Aug 2015 02:31 AM PDT

 

1 LTA can be claimed as a deduction from taxable income where the employer provides LTA to employee and leave application has been made for a holiday either individually or with family.

2 The deduction is limited to the extent of actual travel costs incurred by the employee. The total cost of the holidays is not covered, only the travelling cost is covered.

3 Travel has to be undertaken within India only. Overseas destinations are not covered for deduction.

4 The tax rules provide for a deduction only in respect of two journeys performed in a block of four calendar years. The blocks are decided by government. They are 2010-2013, 2014-2017 and so on.

5 If the employee does not use their exemption during any block, the exemption can be carried over to the next block and used in the calendar year immediately following that block.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

INSURANCE FREE LOOK PERIOD

Posted: 16 Aug 2015 11:38 PM PDT



The 15-day free-look period in insurance is a customer-friendly feature. Here are what you should know about it

Give Correct Contact Info

Fill in the con tact details yourself. During the welcome call, the features of the policy are explained. If the agent has misled you, you can call for termination of the policy.

Save Date of Delivery

The free-look period begins the day you receive the policy. Make sure you retain the envelope containing the policy documents as it will have the date of delivery.

Visit Insurer for Cancelling

Do not go by oral intimation to the agent.Call up the insurer's customer care to communicate your decision to cancel the policy. Visit the insurer's office to submit application.

Don't Expect Full Refund

The insurer will refund the amount after deducting expenses for medical tests and stamp duty. If the risk cover has already come into effect, the risk premium will be deducted too.

Know ULIP Process

In case of unit linked insur ance policies, the units allotted will be repurchased by the insurer at the net asset value on the day your policy gets cancelled.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Shriram Mutual Fund Any Day SIP

Posted: 16 Aug 2015 10:43 PM PDT

 
 Shriram Mutual Fund has introduced Any Day SIP which allows an investor to choose the day of the SIP. Till now, investors could choose only certain dates for SIPs. The facility will appeal to non-salaried investors who have lumpy cash flows and don't get salary on a specified date.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

No comments:

Post a Comment