Wednesday, March 7, 2018
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Indian Real Estate News
Start Saving for Tax 2018 by Investing in ELSS Funds Online
Go through this calendar to make sure your finances remain on track as you spend and invest wisely all year long.
January
- If your finances are not in order, create a budget and set long-term and short-term financial goals.
- Estimate the monthly outgo, big spends and investments for the entire year.
- Set reminders for insurance premiums, credit card bill and utility bill payments.
February
- 1st: Budget to be announced. Check how your income and investments are affected and prepare to take suitable action.
- Claim allowances before March as some like LTA can't be taken while filing tax returns.
March
- 15th: Last date for paying the fourth instalment of advance tax for 2017-18.
- 31st: Last date for linking Aadhaar with PAN, bank accounts and financial services. Comply before the due date.
- Do not make last-minute tax-saving investments that are not in line with your goals.
April
- 18th: It's Akshay Tritiya and if your portfolio has less than 10% gold, buy it.
- If you've got an increment, raise investments in line with the hike. If you have a bonus, repay debt, make a big purchase or invest it.
- If you are planning to take a vacation in May or June, book your air tickets and hotel now.
May
- 3rd: For senior citizens above 60 years, this is the last date to invest in the Pradhan Mantri Vaya Vandana Yojana. It provides an assured return of 8% per annum and pension is payable for 10 years.
- Start planning your tax-saving investments as per your financial goals and risk appetite.
June
- 15th: Last date for paying the first instalment of advance tax for 2018-19.
- Complete your paperwork. Review your insurance needs, monitor your investment portfolio, review your budget, write a will.
- Go for the much-needed vacation!
July
- 31st: Last date for filing tax returns. You will pay a penalty of Rs 5,000 if you file before 31 December, or Rs 10,000 after this date. There's also a new tax structure: 5% tax for those in Rs 2.5 lakh- Rs 5 lakh slab, rebate of Rs 2,500 for Rs 2.5 lakh- Rs 3.5 lakh category, and 10% surcharge on total tax for those in Rs 50 lakh- Rs 1 crore slab.
August
- Check if you are spending more on your phone, Internet and cable plans or subscrip tions. If yes, change to a suitable one at the earliest.
- 15th: As Independence day (15th) falls on Wednesday and Parsi New Year (17th) on Friday, take a leave on 16th and go for a weekend trip.
September
- 15th: Last date for paying the second instalment of advance tax for 2018-19.
- This is a good time to paint or renovate your house in preparation for the festive season set to begin next month.
October
10-18th (Navratri) & 15-19th (Durga Puja): The festive season has begun and you should have your budget in place before you go shopping for gifts and discounts. Make sure you don't buy what you don't need just because it is on sale.
November
- 5th (Dhanteras) & 7th (Diwali): This is the perfect time to make big-ticket purchases due to the big discounts, but make sure you don't overshoot the budget.
December
- 15th: Last date for paying the third instalment of advance tax for 2018-19.
- Review your financial portfolio and check if your goals and investme ..
Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds
Top 10 Tax Saver Mutual Funds for 2018
Best 10 ELSS Mutual Funds to invest in India for 2018
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2018 Tax Saver Mutual Funds Online
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