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Showing posts from January, 2014

ELSS : Sec 80 C Tax Saving scheme

       Equity Linked Savings Scheme (ELSS) is a type of diversified equity mutual fund,with tax exemption under section 80C of the Income Tax Act.It offers the benefits of capital appreciation and tax saving. ELSS has a lock-in period of 3 years.       ELSS investor receives the potential upside in Indian equity markets. No tax   will be deducted on the long-term capital gains from ELSS. Lock-in period in ELSS is shortest than other tax saving options. TAX SAVING- COMPARISON Parameter PPF NSC ELSS Lock in Period 15 years 6 years 3 years Returns (Compounded Annually) 8.80 % ^ (Compounded half-yearly) 8.60 to 8.90 % ^ Not assured. dividends/ returns Minimum investments Rs.500 Rs.100 Rs.500 Maximum investments Rs.100,000 No limit* No limit* Amount eligible for deduction under Section 80C Rs.100,000 Rs 1,00,000 Rs 1,00,000

5 International Personal Finance Blogs

       World wide web offer large number of free and paid information at your fingertips.Selecting the valuable material is very important to save time.I think,the below popular blogs in the world  will give few good insights for your life. 1. Consumerist   This is a blog by Consumer media LLC.It give helpful tips for consumers. 2. The Simple Dollar  Trent Hamm's popular blogging site about Credit cards,Insurance and other Financial matters. 3. Money Saving Mom   Money Saving Mom is a blog by Crystal Paine.She writes about house hold savings and family budget. 4. Money Talk News   Stacy Johnson's Blog about financial news and deals. 5. Money Crashers   This blog is an initiative of Andrew and Park.Articles cover topics from money management to Economic policy.