Prajna Capital - An Investment Guide

What's special about March? Lots of things, actually. But from a tax point of view, it will be that time of the year when a lot of you will actually start figuring what your tax saving avenues should be. Little wonder that mutual funds report the highest inflows into equity linked savings schemes ( ELSS ) and life insurance companies record their highest sales in the first three months of the calendar year. Guilty as charged? Well, here's some help. Here's the first part of our special section dedicated to tax saving. We start right now with the absolute basics. You would have noticed that the tax department is more partial to women and specially, senior citizens. But those rates are the maximum you would have to pay if you did absolutely no tax planning. The very first step that you have to follow is to figure out what Section 80C (of the I ncome Tax Act ) is and how you can use it for your benefit. Any individual, irrespective of how much s/he earns, can reduce his taxab...