How to save tax?

One big threat to our money is tax. It is said that there are only two things certain in life-death and tax. So, while we are busy building wealth by investing our money wisely, it would be foolish not to look at the tax implications lest we hand over a big part of our gains to the government. The government allows us certain tax relief on some of our investments.

Some financial products give us tax exemption at the time of investment. Some give us exemption from tax on the returns that we get on our investments. While, there are some that give us an exemption from tax on the final gains we make. There are very few products that give us exemption at all the three stages of our investments and Unit Linked Insurance Plans (ULIP) is one of them. The new age ULIPs are not only low-cost but also extremely tax efficient as compared to most other financial products.

So, Nivesh Kar Befikar!