Can We Save Taxes by Investment in Equity

The most common and accepted form of investment is Gold & fixed deposits. Nevertheless there has been a recent shift in paradigm or investor mindset for investment in other modes also. The interest or gains which they earned gets added into their income and thus they end up paying marginal rate of income tax. For example a person, who earns income falling under tax bracket of 30%, gets Rs. 1,00,000 interest income on his fixed deposits at the interest rate of 9% then he has to pay 30.9% tax on the interest income and finally gets Rs. 69,100 in hand. It means you get just 6.2% return in hand after tax. So, there is the need to understand other investment options & their taxation.

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Created by joelrichard 6 years 12 weeks ago – Made popular 51 years 50 weeks ago
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