Save Tax Rs.37,080/- by investing Rs.1,20,000/-

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High time for tax planning as already we are in December.

 

1.  Invest upto Rs.1,00,000/- in MF ELSS and avail tax benefit upto Rs.30,900/-

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Investment amount eligible for tax benefit u/s 80-C.  Dividend received, if any will be totally tax free.  Capital Gains, if any also will be totally tax free.

Fund Name	Launch Date	Average AUM As on 30/09/2011 (in crores).	NAV As on 01.12.2011 (Rs.)	Return as a % as on 01.12.2011			Value Research Rating
				3 Yrs	5 Yrs	Since Inception
Canara Robeco Equity Tax Saver	Feb-2009	302	24	34	12	15	*****
Fidelity Tax Advantage	Jan-2006	1183	20	30	10	13	*****
Franklin India Taxshield	Apr-1999	803	197	29	9	27	****
Taurus Tax Shield	Mar-1996	68	31	28	12	10	*****

 

 

2.  Invest Rs.20,000/- in L&T Long Term Infrastructure Bonds and avail additional tax  benefit of  Rs.6,180/-

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Income Tax benefit under sec. 80-CCF. This is apart from Income Tax benefit u/s 80-C, 80-CCC & 80-CCD. 9% interest - annual & cumulative options available. Tenure of 10 years with lock in period of 5 years. "CARE AA+" rating by CARE & "(ICRA) AA+" rating by ICRA. Physical & Demat modes available. NO TDS for interest only under Demat mode.

In simple words, Invest up to Rs.1,20,000/- and enjoy tax benefit up to Rs.37,080/-.