tax saving

The last minute tax saving guide 2017

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capital gains tax saving guide investments - save taxes with mutual funds elss

For some reason, we love the last minute, the eleventh hour, the impending deadline.

This happens every year for your tax saving needs too. 2017 is no different.

Well, I would urge you to take the opportunity to learn as you do.

Here is a list of blog posts that you can use as your tax saving guide. You may also want to share it with anyone who may find it useful and earn some good karma.

#1 Save taxes smartly

This is a note written quite some time back. It points out that ultimate rush scene for saving tax last minute. It also mentions all the instruments one can use to save taxes smartly under various sections of the Income Tax Act such as 80C, 80D and others.

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3 last-minute tax saving tips 2016

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3 last minute tax saving tips

The date today is March 30, 2016. Normally, it is expected that by this time the tax savings for the year would be done and over.

However, the reality is very different. Based on the emails and comments I have received, it seems that some of us are still far from it, desperately searching for “last-minute tax saving tips”.

In this desperate attempt to “do something“, wrong investment products are being invested into which can make your portfolio suffer for a very long time.

Why wrong? Because they are not understood. The ultimate goal that will be served by those investments is not considered. There is only one thing driving the decision now – save tax.

Read more: 15 point checklist to save taxes smartly

Here is an example. Manish, a Chartered Accountant, works in the taxation department of an MNC. It is a well paying job. Though working for a few years now, he has not been able to save any money so far, for various reasons. This year he decided to put some money to work. He told his father about it who got him to meet his insurance agent.

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