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Arihant Tax Advisor

Planning your taxes properly can help you save more for meeting your life dreams. Arihant’s Tax Advisory Service provides you various tax saving investment options and assists you in choosing the right one for you. Section 80C and 80D covers ELSS, fixed deposits, health insurance, life insurance with each one offering various options.

Selecting the right insurance plan or mutual fund scheme becomes difficult for a layman. Our advisor will analyse your needs and select the best investment plan and scheme for you. To take advantage of this service please SMS <arihant tax> to 56677 and our executive will get in touch with you.

Investment products to save on tax
Equity Linked Saving Scheme (ELSS) (Section 80C)

Invest upto Rs 1 lac in IT S80C approved Equity Linked Saving Scheme (ELSS) of mutual fund and avail tax benefit of upto Rs 30,900. Lock-in of 3 years on investment with tax-free dividends and no tax on long term capital gains. Tax-free investment and tax free returns.

Arihant offers a variety of ELSS schemes for investment with a list of recommendation based on a thorough analysis and research to help you select the best scheme for you.

Tax Saver Fixed Deposits (Section 80C)

For safety of capital, returns guarantee and tax saving, you have the option of investing in Tax Saver Fixed Deposits introduced by the Government of India in order to promote savings. Investments in these up to Rs 1 lac can save you upto Rs 30,900 in Income Tax (for investors falling under 30% slab). Lock-in period of 5 years with interest income being taxable.

Arihant offers a range of fixed deposit options for you to invest your money.

Life Insurance (Section 80C)

An investment of upto Rs 1 lac in a life insurance policy can save you up to Rs 30,900 in taxes under Section 80C of Income Tax Act. Life insurance is a way for protecting your family dependent on you for financial support. Not all of us have huge wealth cornered for our family’s needs. Therefore life insurance becomes a necessity because financial security of family is of utmost importance.

Arihant’s Financial Planning Team will help you ascertain how much cover you need after doing a one-on-one discussion with you and analysing your income, expenses, assets and liabilities. Once this is done, our expert will select the best policy options for you to help you secure your family’s future.

Health Insurance (Section 80D)

Health Insurance is an absolute necessity for every individual – young or old. It protects you and your family against any financial contingency arising due to an unforeseen medical emergency. The soaring health costs can put a huge burden on you in case of an unforeseen event resulting in a gigantic dent on your savings. Therefore, a medical insurance makes complete sense.

And the best part is that buying health insurance also saves you in taxes under IT Section 80D. As per section 80D of Income Tax Act, you can claim annual deduction on premium paid for self, spouse and dependent children up to Rs 15,000 (Rs 20,000 for senior citizens) amounting to a tax saving of up to Rs 4,635*. If you are paying the medical insurance premium for your parents, an additional deduction of Rs. 15,000 per year can be claimed under section 80D, which again results in a tax saving of another Rs 4,635.

Arihant’s Financial Planning Team analyses the various health insurance policies available in the market and identifies the best one that would offer the maximum insurance benefit without any frills and lowest premium.

Rajiv Gandhi Equity Savings Scheme (Section 80CCG)

If you earn under Rs.10 lakh and have never invested in equities before, the Rajiv Gandhi Equity Savings Scheme is a great way to start investing in equities and save taxes. Investing under RGESS gives you an additional deduction of up to Rs 25,000, over and above the Rs.1 lakh limit under section 80C, on an investment up to Rs 50,000 in specified stocks or mutual funds. This comes under section 80CCG and like ELSS comes with a lock-in of three years. Know more about RGESS

Capital Gains Bonds (Section 54EC)

As per the Section 54 EC of Income Tax, 1961, you need not pay any tax on any long-term capital gains arising on sale of any asset, if the amounts of capital gains are invested in certain specified bonds. Rural Electrification Corporation Limited (REC) & National Highways Authority of India (NHAI) are permitted to issues capital gains bonds under Section 54 EC.

NHAI and REC 54EC Bonds come with a lock-in of 3 years, rated AAA by CRISIL, CARE and FITCH offering capital gains exemption on a maximum investment of Rs 50 lacs (i.e. 500 bonds). The interest earned on these bonds is taxable, however no TDS is deducted on interest. The current yield offered by both the bonds is 6% pa. Arihant is an official arranger of the 54EC Capital Gains Bonds.

Star Saving Tax Today

SMS <arihant> to 56677
Email mutualfund@arihantcapital.com
Contact your nearest Arihant Investment Center
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