Skip to main content

Plan your Finances 2018

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

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300


OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300

Popular posts from this blog

ULIP Review: ProGrowth Super II

  If you are interested in a death cover that's just big enough, HDFC SL ProGrowth Super II is something worth a try. The beauty is it has something for everybody — you name the risk profile, the category is right up there. But do a SWOT analysis of the basket, and the gloss fades     HDFC SL ProGrowth Super II is a type-II unit-linked insurance plan ( ULIP ). Launched in September 2010, this is a small ticket-size scheme with multiple rider options and adequate death cover. It offers five investment options (funds) — one in each category of large-cap equity, mid-cap equity, balanced, debt and money market fund. COST STRUCTURE: ProGrowth Super II is reasonably priced, with the premium allocation charge lower than most others in the category. However, the scheme's mortality charge is almost 60% that of LIC mortality table for those investing early in life. This charge reduces with age. BENEFITS: Investors can choose a sum assured between 10-40 times the annualised premium...
Read more

Section 80CCD

Top SIP Funds Online   Income tax deduction under section 80CCD Under Income Tax, TaxPayers have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides t axpayer deductions against investments made in specific sector s. Under Section 80CCD, an assessee is eligible to claim deductions against the contributions made to the National Pension Scheme or Atal Pension Yojana. Contributions made by an employer to National Pension Scheme are also eligible for deductions under the provisions of Section 80 CCD. In this article, we will take a look at the primary features of this section, the terms and conditions for claiming deductions, the eligibility to claim such deductions, and some of the commonly asked questions in this regard. There are two parts of Section 80CCD. Subsection 1 of this section refers to tax deductions for all assesses who are central government or state government employees, or self-employed or employed by any other employers. In...
Read more

Am you Required to E-file Tax Return?

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...
Read more

IDFC - Long term infrastructure bonds - Tranche 2

IDFC - Long term infrastructure bonds What are infrastructure bonds? In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (" Income Tax Act ") to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly. Long term infrastructure Bonds by IDFC IDFC issued an earlier tranche of these long term infrastructure bonds on November 12, 2010. This is the second public issue of long-te...
Read more

What is Electronic Clearing Service (ECS)?

  As the name suggests, it's an electronic process through which money can be transferred from one bank account to another. According to RBI, this mode is usually used for regular payments and receipts, like distribution of dividend, interest, salary, pension etc. This mode is also used for collection of bills for telephone, electricity, water, various types of taxes, payment of EMIs , investments in mutual funds , payment of insurance premium etc. There are two types of ECS , like most other banking transactions, ECS credit and ECS debit. An ECS credit is used by a bank account holder , usually a large company or an institution for services like payment of dividend, in terest, salary, pension etc. If your mutual fund pays you dividend to your bank account, of all probability it is being paid through ECS credit.ECS debit, on the other hand, is used when a company or an institution is getting money from a large number of people. For example if you are investing in a mutual fund sc...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now