Best tax saving options: Here is a comparison of 10 investment options
Best tax saving options: Here is a comparison of 10 investment options
Like every year, ET Wealth has assessed 10 tax-saving instruments on 8 key parameters— returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability of income. Read on to know which is the best and the worst way to save tax.
When the pandemic first
reached India in 2020 and the countrywide lockdown was announced in March, the
CBDT had extended the 31 March deadline for tax-saving investment till 31 July.
The arrival of the Omicron variant has once again set the alarm bells ringing,
but taxpayers should not expect any leniency in the deadline this year. As they
rush to complete their tax planning for the year, we have put together all the
information they need. Like in the past, we have assessed 10 tax-saving
instruments on eight key parameters— returns, safety, flexibility, liquidity,
costs, transparency, ease of investment and taxability of income. Each
parameter is given equal weightage and the composite scores of the various
tax-saving options determine their place in the ranking.
Regards!
Librarian
Rizvi Institute of Management
No comments:
Post a Comment