When is the right time to invest? Don't wait for the year end.

As per Income Tax Guidelines, Tax Saving Investments can only happen with the earnings in the financial year only!!
That means, if you want to invest in tax saving instruments in April, it will not be considered for tax savings. (This is valid only for salaried employees who get their salary at the end of the month).

So, once you start getting earning in the financial year, you are good to invest.

Don't wait until march.. start saving/investing right from May!!.. Count the crucial 10 months of returns!!..
If not in bulk, consider Systematic Investment Plan!!!.

ulipinvestment@gmail.com

ELSS and PPF returns are Taxed!!!???

Good news for ULIP Investors!!!

Heard of EET??. Means, Exempted Exempted Taxed. E means, Investments are Exempted from tax, E Interest earned Exemted from tax and T means Returns on maturity are Taxed.

So far PPF, ELSS had EEE that means they are totaaly tax free. on investment, interested earned and on maturity.. but not any more..

Draft recommandations for budget 2007-08 says that PPF and ELSS will be EET!!!

So, only instrument that is totally tax free is insurance based investments!!!..

As ULIPs come under Insurance Based Products, they won't come under EET tax net!.

Have a look at this article in economic times : http://economictimes.indiatimes.com/PPF_savings_may_be_taxed_on_maturity/articleshow/1647814.cms

Happy investing in ULIPs!

ulipinvestment@gmail.com

ULIP Comparison - Charges and others

As you know there are so many charges which are applied on the investment you make on the ULIP investments. Here is a simple to use spread sheet which will allow you to capture the charges and other facts of ULIP plans offered by different companies.


Have a look at this spread sheet. Whenever you call a ULIP investment advisor from a company chart out these charges and other benefits and compare.



http://spreadsheets.google.com/pub?key=pavymIhDyVVDmcRKksdgMCQ

ulipinvestment@gmail.com