Thursday, February 5, 2015
by
Indian Real Estate News
1 SSA is a small savings scheme under which an account can be opened for the girl child at any time from her birth till the age of 10 in post offices or authorised branches of banks.
2 The minimum deposit is `1,000 and maximum is `1,50,000 in a financial year. The deposit has to be made till the end of 14 years from the year of opening of an account.
3 The account can be closed after the girl turns 21 years or after completion of 18 years provided that she is married.
4 The rate of interest will be notified yearly by the government, which will be compounded. For 2014-15, the deposit will fetch an interest of 9.1% per annum.
5 The amount deposited towards Sukanya Samriddhi Account is deductible under Section 80C upto `1.5 lakh.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
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