In the beginning, how did you decide which tax saving scheme to go for and how much to invest in it?
Would love to hear your personal experiences in the comments below. This will help us create the best investment experience for you in the future
I’m Invest my money on our store way Transaction & Apps & Games,
And everyone is doing the same.
I have Employee Provident Fund from company + 2 ELSS tax saving mutual funds where I invest.
I put 6K per ELSS mutual fund per month in it. So, I get total tax break on 1.5 Lakh each year.
Since, money in ELSS grows at 15% pa plus the tax break. I am really happy about this investment.
Company decided for me I guess ? Employee provident fund already reached the 1.5 lakh limit.
That automatically solves the 80C tax investment bracket
I first opened PPF account and then invested in ELSS mutual funds. Wanted to also invest in NSC scheme but the extensive offline documentation work is one big hurdle.
I sell the stocks on which I made a loss on 31st March and buy them back at 2nd April. That way I can show an incur of net loss. This is called Tax Loss Harvesting.
If you’re new to saving taxes, here’s a quick guide - How to Save Income Tax | Tax Saving Schemes | Jupiter
umm…when you don’t earn a penny but here hoping that jupiter might include “you” in its jupiter-verse.
@Utkarsh_Singh And save along the way!
when you don’t earn , how to save sir?