8 financial instrument you can quickly buy online to save tax in India

| February 8, 2019

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Are you confused with the word tax? And “tax saving instruments” and sections etc. Here I try to simplify all terms that about the most relevant easy, safe instruments for you to invest and just be relaxed about your money. Here are 8 financial instruments which you can invest immediately online through the click of a button. 1) Provident Fund. Provident Fund has been the preferred savings instrument for people for many years. Perks such as minimal risk, guaranteed return, and ease of contribution makes it one of the most commonly used tools to earn returns as well as save tax. There are multiple variations such as Public Provident Fund (PPF), Employee Provident Fund (EPF) and Voluntary Provident Fund (VPF) that one can choose from. The last two categories are applicable for salaried individuals. Another point which makes it a favorable option (when compared to bank deposits) is that the interest earned is exempt from tax. Tax Benefit for investment in Provident Fund: up to INR 1,50,000 p.a. is tax-free U/S 80C. Maturity Amount: is also completely tax-free.

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Interactive Insurance Brokers LLC

INTERACTIVE Insurance Brokers was established in 2001 with a strong intent of being a preferred service provider in the Insurance industry. With a mission in hand to “Serve sincerely and Protect exceptionally”, INTERACTIVE has successfully overcome every other hurdle to be one of the most reputed Insurance Brokerages in UAE. Our urge to improvise with every opportunity has given us immense success and today we stand tall on our accomplishments over the years.

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