Find the Best Avenues for Tax Savings with Indian Bank
Find the Best Avenues for Tax Savings with Indian Bank
The end of the financial year usually marks an important time. It is perhaps the only time we are cognizant of the cut-off date for filing income tax returns.
It is the time when we make investments to help create a financial cushion for our old age / retirement and also act as a security for our family and loved ones.
Many tax saving and filing instruments have been introduced in the market, based on parameters such as safety, flexibility, liquidity, costs, transparency, ease of investment and taxability of income.
Let us look at a few Tax Saving instruments from Indian Bank:
This is a specially designed scheme to avail tax rebate under Sec 80C of Income Tax Act, for a minimum amount of Rs.1000 or in multiples of Rs.100 and a maximum amount of Rs.150000.
The capital gain account enables tax savers to avail of the benefit of exemption from capital gains only if the amount of capital gains or the net consideration is deposited in Public Sector Banks on or before their due date of filing a return of income in accordance with the scheme.
A Sukanya Samriddhi account holder can invest a minimum of Rs 250 & maximum of Rs 1,50,000 in a Financial Year. The account may be opened by one of the guardians in the name of a girl child, who has not attained the age of ten years as on the date of opening of the account.
IB Arogya Raksha Health Insurance Policy
One can stay protected with Indian Bank’s Arogya Raksha Health Insurance policy, that covers not just health but also offers a host of benefits like special insurance for elderly parents, minimal premium, cashless treatment at network hospitals and income tax benefits.
Public Provident Fund (PPF) & Tax Saving Mutual Funds
Indian Bank’s IndSMART all-in-one App should be part of your banking routine for smoother and hassle-free tax saving transactions coupled with a wide range of Equity Linked Saving Schemes (ELSS) and Public Provident Fund (PPF), as both being considered as one of the most popular tax saving schemes in India.
Indian Bank, your own bank, is one of the oldest banks in the country, operational since 1907. Explore our various tax saving instruments for the new financial year.
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