How To Minimize Your 2018-19 Taxes by March

| March 6, 2019

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With the financial year coming to a close, tax planning and saving is a primary concern for all. In this article, we will cover some last-minute tax saving tips that can help you save big before the end of the financial year. As another financial year comes to a close, it’s a period when many people look for different measures to save tax. The last quarter of a financial year is a busy time for taxpayers as they collect all their investment proofs to claim eligible deductions and reduce tax liability. While doing so, many end up making last-minute hurried decisions, which they may or may not regret later. How to choose your tax saving options wisely. There are a number of investment plans that one can consider for saving tax. The list includes life insurance, health insurance, ULIPs, tax-saving mutual funds, public provident fund, national savings certificate and new pension scheme. Each of these instruments are unique and they function quite differently from each other. Now, to claim tax benefit from a tax-saving instrument of any given year, the investment has to be made during that financial year. Thus, to avail tax benefits in 2018-19, one needs to ensure that money is invested any time from April 1, 2018 to March 31, 2019.

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Empowering Malaysians to live better lives with complete insurance solutions from Travel and Motor to Life and Medical. AXA Affin General Insurance. AXA Affin General Insurance Berhad is a joint venture between AXA Group and Affin Holdings Berhad. We are one of the fastest growing general insurance companies in Malaysia, and the No.1 leader in Medical and Health insurance (source: ISM).

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