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Mumbai, 400 025. India.
Busting the Myth Series:Myth No.3: Investing for tax saving- is Investment Planning- Is Financial Planning
- November 17, 2014
- Category: Busting the Myth Series
Although our current peak income tax rates are at a very reasonable 30% level, it would surprise a few to know that in the 70s they were at a ridiculous 90% plus. I think our attitude to income tax is a legacy of those times. The majority of us would invest our money anywhere without understanding the merits of investment, if we were told that the investment would save tax. A case in point. A few years back there was a tax saving option under a sec called 80ccc. This could be availed only by investing in Pension schemes. A […]