We focus at being the most reliable prompt and efficient provider of financial and insurance services. We endeavor to be one stop financial supermarket and to be of immense help to our investors and provide help regarding tax planning, retirement planning, and insurance management & etc. The company is effectively managed by VISHAL KUMAR NARANG a leading financial advisor.
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Deductions under Chapter VI
(sec 80C)
Deductions under Chapter VI
(sec 80C)
  • Deduction under Pension scheme (sec 80C).
  • NSC (sec 80C).
  • Public Provident Fund (sec 80C).
  • Employees Provident Fund & Voluntary PF (sec 80C).
  • Children's Education (sec 80C).
  • Housing loan principal repayment (sec 80C).
  • Insurance premium (sec 80C).
  • Infrastructure Bonds & others (MF, ULIP, etc.) (sec 80C).
  • Medical Insurance Premium (sec 80D).
  • Medical for handicapped dependents (Sec 80DD).
  • Medical for specified diseases (Sec 80DDB).
  • Higher Education Loan Interest Repayment (Sec 80E).
  • Donation to approved fund and charities (sec 80G).
  • Rent deduction (sec 80GG) only if HRA not received.
  • Deduction for permanent disability (80U).
Deductions from gross income on Life Insurance premium paid.
Under Sec.80C of the Income Tax Act.
Premiums paid up to maximum of Rs.1,00,000 subject to maximum of 20% of Capital sum Assured under Traditional & Unit linked Plans.
Under Sec.80CCC of the Income Tax Act.
Premiums paid up to maximum of Rs. 1,00,000 under pension plans. However, u/s.80 CCE, the aggregate amount of deduction under section 80C, section 80CCC, and section 80CCD shall not, in any case exceed one lakh rupees.
Under Sec.80DD of the Income Tax Act.
Premiums paid under plans exclusively for physically handicapped persons upto Rs.50,000/-In case of severe disability as certified & issued by the medical authority upto Rs. 75,000/-
Exemption of Life Insurance Proceeds.
Under Sec.10(10D) of the Income Tax Act.
Maturity benefits are tax free. However in cases where premium exceeds 20% of capital sum assured within a year, benefits paid in excess of premiums paid will be taxable.
Death benefits are tax-free.
   
 
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introduction of taxation
Tax planning is not a device to reduce tax burden. In fact, it helps savings by investments in government securities. Savings reduce extravagance, and correspondingly inflation. Tax savings are permitted only for investment made i:n government securities and bonds of priority sectors which ultimately help the nation. Therefore, the savings in tax help the Central and state governments to mobilizes funds by way of investments and as such the government earns much by way of other benefits, by sacrificing small amount of tax. The Supreme Court in one case observed that "Tax planning may be legitimate provided it is within the framework of Law". By tax planning, the government is equally benefited.
Savings and investments are interconnected. Before making investments the person has to consider various factors such as

Liquidity-when he requires the amount to meet the educational expenses of children,for marriage, house construction or for a secure future after retirement.

Security of the investment.

The return and tax on income on such investments.
 
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