Posted On Friday, Jan 25, 2013
With the tax planning season about to end, most of you must be in a panic mode to make investments to minimize your tax liabilities. Due to lack of knowledge about how to minimize tax liabilities, you may end up paying more tax and a major part of your hard earned money is eaten up by that.
It has been observed that there is a lack of awareness about the different incentives, allowances and rebates under the Income Tax Act, 1961. Amongst other sections for Mediclaim, Home loans etc, individuals are also eligible for tax rebates under section 80C of the Income Tax Act, 1961. Deductions under section 80C is available to the extent of Rs. 1,00,000 (Rs. 1 lakh). Therefore, deductions are restricted to Rs. 1,00,000 or the amount invested in the eligible investments mentioned under section 80C whichever is lower.
Investments, like all aspects of life, if planned properly can bring about a great change in your financial resources. We understand the value of your hard earned money that’s why our tax saving fund has the solution to your investment worries. The Quantum Tax Saving Fund will help you maximize your savings as investments in Quantum Tax Saving Fund earn you tax exemption of up to Rs. 1,00,000 under section 80C. The Quantum Tax Saving Fund is an open ended Equity Linked Saving Scheme, where your money gets locked in for a period of 3 years. Units issued under the Quantum Tax Saving Fund will not be redeemed until the expiry of 3 years from the date of their allotment. This helps you to maintain your investments even if market movements might tempt you to redeem.
The fund also gives you an exposure to equity since it invests in equity and equity related securities.
Hence, if you are looking for an option to cut down your taxes and earn returns, you can consider the Quantum Tax Savings Fund as an investment option to enjoy the double benefits of tax saving and investing your hard earned money to help you achieve your financial goals.
Get In Touch
Take small steps in financial planning to achieve big dreams! Start your investment journey today!