Income Tax Liability Can Be Decreased Through Savings And Insurance Schemes

The market is full of instruments and various schemes that can help an individual to save the income tax and at the same time save the hard earned money . These various schemes are available to suit the temperament and saving goals of each individual . The money can be saved through various mutual funds , saving accounts and in various insurance policies .

There are tax related fixed deposits , where the rate of interest is same as those of other fixed rate deposits . But the person cannot withdraw the amount before the end of the expiry date. The interest earned from the tax related fixed deposit is free of tax , Auditing services in Delhi NCR that means that the person can earn good amount of interest and need not pay the tax .

If the person wants some flexibiity in the withdrawals , then he or she can go for public provident funds . There is high the degree of flexibility and ease in the public providnet funds and the person does not have to pay the tax on the interest earned on the deposits . All most all banks provide the facility of the public provident funds . But the person can not redeem the funds before the expiry of the fixed period . The loans are available but the tenure of the PPF has to complete the five years period . The fund is the most safests investment options that are available for the individuals .

Then there are unit linked insurance plans , that not only provide the insurance cover but also provide the safer investment options to clients . The money invested in unit linked insurance plans is put in shares and the client has the power to decide how much amount from his or her investment can be put into shares . By these policies , the client can get benefits that are available under the section 80 C of the income tax . The entire amount at the maturity period is also free and the scheme is made in such a manner that the client is urged to invest regularly in the plan .

National saving certificates Income Tax Consultant in Delhi NCR provide the options that keep the amount save with the government of India . The benefits of the tax saving are available under section 80 C of the income tax act . However , the investor must understand that the interest on national saving certificates is taxable . The consultations with experts will give clarity to the investor .