International Women's Day
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international womens day 2019 theme |
International Women's Day 2019: Today, in the nation building, women are also walking side by side with men. In order to promote respect and respect for women, 8 March is observed throughout the world as International Women's Day 2019. On this occasion of International Women's Day, we are telling working women some tips that can be saved by saving tax deducted in salaries.
At present, working women of middle class are worried about the deduction of tax from their salaries, but now they do not have to worry about this because there are some ways in which they can save their tax.Head of Life Insurance (Santosh Agarwal), Policy Market.com, has come up with some suggestions:
1- Option of tax deduction under insurance: Although insurance is a security tool, it is never the primary means of saving tax. But still it provides benefits under section 80C and 10 (10D) under life insurance and tax deduction under 80D in health insurance.
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2- ULIPs: With the new generation of Ulips coming into circulation and the most preferred investment option among the youth, they also provide tax exemption under Section 80C. Ulips is a low-cost investment product with almost no premium allocation fee and policy administration fee. IRDA has fixed the highest limit of fund management fee of 1.35 per cent, in which the rate is between 1 to 1.35 per cent in all its products.
In this one part of your investment goes to life insurance, while the second part is invested in the market to get the maximum benefit. There are also many other features like free swaps between different funds, freedom from death, income gains and loyalty editions etc.
3- PPF: Public Provident Fund is one of the most popular and reliable long-term investments and tax-saving plans. The rate of interest on PPF is determined by the government and its lock-in period is 15 years, so it provides tax-free benefits to the investor.
International Women's Day: 10 Indian women who make a name in the world, proud of the countryOther options include investing in market related products, they come with their different risks but also give good returns.
4- Selecting insurance: When planning the tax savings options for women employed, 80D is one of the most important sections that must be paid attention. It facilitates deduction of taxable income when paying health insurance premium upto Rs. 25,000 per year. Health insurance is a basic necessity for every person and especially salaried women, because paying a premium for health insurance not only provides you insurance cover but also receives many tax benefits.
5- Deductions under section 80C: PPFA NPSA ULIP Some investment options you can choose to invest your money. They can save tax up to Rs 1,50,000 each year. Those women who want to save for their retirement days, they should actively pay attention to the growth of their investment.
6- Investing in NPS gives an additional benefit of Rs 50,000 under Section 80CCD (1B).