Hi All,
Can anyone suggest some good investment plans with their benefits to share with my employees? I am looking to recommend to employees the best investment plans available in the market that offer tax exemptions. Some employees are unsure about which investment plan to choose in order to benefit from tax exemptions. I hope this information will help them make quick decisions. I am looking forward to your suggestions.
Regards,
Vidhya
From India, Mumbai
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1Can anyone suggest some good investment plans with their benefits to share with my employees? I am looking to recommend to employees the best investment plans available in the market that offer tax exemptions. Some employees are unsure about which investment plan to choose in order to benefit from tax exemptions. I hope this information will help them make quick decisions. I am looking forward to your suggestions.
Regards,
Vidhya
From India, Mumbai
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I would suggest a mix of strategies for investment:
Beginning with:
1. Life Insurance by LIC, Plan Name: Jeevan Anand. This plan offers the amount with interest back on maturity and free coverage for life thereafter. This is LIC's best-selling plan, government-guaranteed.
Then divide the money into 4 parts:
1st Part: PPF
2nd Part: Fixed Deposit
3rd Part: Equity/Mutual Funds
4th Part: Monthly Expenses
This combination will take care of insurance (LIC), retirement (PPF), equity (long-term benefits), and liquidity (FD as it's easy to access).
Please let me know if you need further assistance or clarification.
From India, Hyderabad
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Beginning with:
1. Life Insurance by LIC, Plan Name: Jeevan Anand. This plan offers the amount with interest back on maturity and free coverage for life thereafter. This is LIC's best-selling plan, government-guaranteed.
Then divide the money into 4 parts:
1st Part: PPF
2nd Part: Fixed Deposit
3rd Part: Equity/Mutual Funds
4th Part: Monthly Expenses
This combination will take care of insurance (LIC), retirement (PPF), equity (long-term benefits), and liquidity (FD as it's easy to access).
Please let me know if you need further assistance or clarification.
From India, Hyderabad
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In addition to the 1L exemption under Sec. 80C, 20K is exempted under Sec. 80CCF (infra bonds). Contribution made to NPS (New Pension Scheme) up to 10% of basic + DA is also exempted through the employer side.
If you want to know more about NPS, please revert.
Pon
From India, Lucknow
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If you want to know more about NPS, please revert.
Pon
From India, Lucknow
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Buyonline.Aegonreligare provides some good invest plans like 1) Term insurance plan 2) Child insurance plan All these plans have option to buy it online with expert advice and in affordable price.
From India, Mumbai
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From India, Mumbai
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In LIC, there are two types of investing patterns. One is traditional, like conventional plans such as Jeevan Anand, where there is lifelong free coverage besides maturity returns. The IT exemption depends on your annual income; you may fall into the 20% or 30% tax slab.
The second option is investing in ULIPs, where the amount is allocated to a certain percentage to equities depending on the fund you choose. In this case, the risk of the portfolio will be borne by the policyholder, and there is also a lock-in period of 5 years.
From India, Bhimavaram
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The second option is investing in ULIPs, where the amount is allocated to a certain percentage to equities depending on the fund you choose. In this case, the risk of the portfolio will be borne by the policyholder, and there is also a lock-in period of 5 years.
From India, Bhimavaram
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