Create Wealth Through Saving Tax.

Do you just transfer your hard earned money to pay Taxes?

The Government of India through the Income Tax Act, 1961 permits you to save taxes under different sections if you make specific investments. One of the key such section is 80C. Investment in Equity Linked Savings Scheme (ELSS) is one such avenue in this section. 

ELSS does not just offer you the Tax Savings but also ensure that your investment is managed by Financial Experts who manage your money with an intention to provide you with wealth creation in the long term.

Every mutual fund house has the open ended equity linked savings scheme with a lock in period of 3 years which provides you with tax saving and long term wealth creation.

Invest and grow your money..

Health Insurance- What are the things you must look ?

Health Insurance- What are the things you must look ? 
No one can predict about their health conditions. People who seemed healthy can suddenly fall sick and get hospitalized. It is not always possible that one have the sufficient amount in your hand to get the treatment done at the moment. If you have taken a dependable policy, you can be at peace of mind regarding the treatment cost. 
1. Good ratings.
2. The Lifetime Payout.
3. Largest deductible and co-payment you can afford.
4. Waiver of premium provision.
6. Renewable provision.
7. Timely coverage of pre-existing conditions.
8. Emergency coverage.
Health insurance plans with too many prerequisites are too restrictive. A policy with a few prerequisites is fine - it's how the company survives (and how you get a low cost health insurance policy), but good health care should never be compromised 

Is The Interest Earned From Savings Account Taxable?

Is The Interest Earned From Savings Account Taxable?

No, the interest earned on savings account is exempted from TDS under Section 194 A of Income Tax Act. However, interest income from fixed deposit is liable for TDS if the interest income is more than Rs 10,000 in a year, the bank will deduct TDS unless you have submitted form 15G or 15H.

As per IT rules, if the fixed deposit holder is a resident individual, for an interest payment of up to Rs 10 lakh, TDS will be deducted at the rate of 10%.

Mail For Income Tax Refund: Check the Authenticity

Mail For Income Tax Refund: Check the Authenticity

If you receive any mail claiming to give you the refund that is due from the Income Tax Department, Please beware, there are fraudulent mails are circulating around the corner. These mails ask for your personal information like your name, dob, bank a/c no, branch, some passwords etc. The income tax dept usualy never send such kind of mails. Even if they do in ceratain cases they send it through their own websites and usualy send the communication through the password protected files.

So whenever you receive such kind of mail dont fall pray to it and check the details first.

Wishing you the luck not to get such a mail......

Team Invesmart.

What is an SIP?

An SIP, or a Systematic Investment Plan is a mode of investment in Mutual Fund whereby the investor invest a pre-determined amount on a monthly basis, on a pre-determined date, into any particular scheme.

Why SIP.?

1. One may ask that if it is just another mode of investing, then why SIP is so much popular. The reason lies in the number of benefits that an SIP gives to the investors. Some of the benefits are:
2. • Benefit of Rupee Cost Averaging
3. Since you're buying at the regular pre-determined fixed dates of every month, you'll be buying at dips and rises, so you are averaging your cost over the time period.
4. • Helps you avoid panic selling
5. SIP investors doesn’t invest lump sum amount and tend to scare less easily when the markets fall – as they get the chance to buy low.
6. • Small amount can be invested
7. you need not have a large amount of money to start an SIP; you can start with as little as Rs. 500 per month, in some cases even Rs. 100 per month and slowly build up your wealth.
8. • You need not time the market
9. As the concept of SIP is to regularly invest the fixed amount on specified dates, the investor need not actually have to time the market. The units are purchased on both rise and fall and investors get the rupee cost averaging benefit.