Time to submit Investment proof to the employer.
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studycafe1
Ongoing, First published Dec 19, 2018
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It's Time to submit Investment proof to the employer.
It is December & January , the Time to submit the investment proof to the employer based on the declarations made. Proof of investments will enable the employer to calculate the actual tax to be deducted from the salary & to be deposited to the government in equal instalments till the end of Financial year.
There are various avenues like LIC , PPF, NSC, ELSS, etc. to invest money & to get tax benefit u/s 80C. Employee can buy Mediclaim & health insurance policies to get the benefit u/s 80D.For availing tax benefit u/s 80C, we would recommend to invest in ELSS, Mutual Fund due to lowest lock-in period of 3 years compared with other avenues like LIC,PPF,NSC,etc. Also wealth can be created asthey invest in equity linked fund.
For availing tax benefit u/s 80D , we recommend to take mediclaim /health Insurance policy. There are various good mediclaim policies are available from Government & Private stand alone companies.
We recommend to invest in time & provide the proof of investment to the employer, so as to get higher take home salary.
Writer is an MBA Professional & can be reached at anildoshi2005@yahoo.co.in for best advices for investment in Mutual Fund & Mediclaim policy
Source: https://studycafe.in/2018/12/time-to-submit-investment-proof.html
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