Lic Tax Saving Plans | Lic Buy Policy In Bangalore Offerings

LIC TAX SAVING PLANS

Price: 1000

LIC Tax Saving plans and benefits helps the proposer to build corpus for future. Income Tax limit under section 80C is limited to Rs. 1,50,000/-. With recent salary structure employees easily cross this limit with Provident Fund ( PF ) itself. Many of my clients say that the limit is over for investment. No need for Investment and Insurance.

Never limit your life insurance with 80C and other tax saving schemes. You need to insure and invest the maximum to safeguard your families and dependents welfare. You are priceless. Insure yourself to the maximum by consulting knowledgeable financial planner after going through feedback/ testimonials from existing clients.

What is the best tax saving plan ?

Broadly there are two types of plans. Money Back and Endowment plans. These are the main plans in all Insurance companies. As these plans are basic in nature, returns are comparable to Bank deposits. Almost all LIC plans save tax and also give tax free returns. The best tax saving plans would be flexible from all sides. Saving tax today and paying tax at maturity may not be a good idea. Major LIC plans comes with dual tax benefits. Some popular plans for Tax Saving are LIC Jeevan Anand, Jeevan Labh and LIC Jeevan Umang.

How much should I invest in 80 C?
Everyone asks this first before any investment. Everyone needs 25 to 30 times his annual salary cover to take care of his family, children and parents. Section 80C is just a limit of payment from your taxable salary for Insurance, investment plans. There is no limit to invest in Insurance and Pension plans. Whatever may be your investment, returns are going to be 100% Tax free under section 10 (10D ) of Income Tax Act 1961.

Investments under 80C
Life Insurance
Bank Deposits above 5 years
Tax Saving Mutual Funds
Post office deposits
Provident Fund
These are some of products under 80C. Nowadays, most of the employees cross 80C limit very easily with Provident Fund itself.

How can I reduce my taxable income?
Taxable income may be reduced to a great extent by proper planning. let us see how Income Tax section 80 C works.

In the recent annual Budget 80 C deduction was untouched and remains same as year 2017-18. An amount of first Rs. 2,50,000/- is non taxable for all tax paying citizens in India. Tax @ 5% for Rs. 2,50,000 to 5,00,000/- , 20% for Next Rs. 5,00,000/- to Rs. 10,00,000 and 30% more than Rs. 10,00,000 as per Income Tax slab.

It is easy to calculate tax payable by analyzing the salary slips. Normally Tax deduction starts every year from November onwards. If the commitment given to HR on Investments not fulfilled, there are chances to loose maximum salary on Tax deductions.

Online Income Tax calculator is available at https://www.incometaxindia.gov.in/Pages/tools/income-tax-calculator.aspx for all to calculate and start saving.

Planning for Tax Saving and Life Insurance plans, whats app/ call @ 9886568000.

LIC CHILDREN EDUCATION PLANS

Price: 1000

LIC Children education plans
LIC JEEVAN TARUN PLAN
JEEVAN LAKSHYA PLAN
NEW CHILDREN’S MONEY BACK PLAN
Why child plan?
A child plan is required for insuring his/her education without any interruption. Child education should not stop due to any problem till senior secondary education. A complete support should be provided by the parents for their children to complete the education in their absence also.

This Birthday, you can gift a guaranteed returns based LIC children policy to your loving child and secure his/ her education and future.

Does child require Insurance plan?
NO, at the same time parents’ need to secure child’s education and higher studies. Child may not require Insurance but parents need to have good Life Insurance coverage to support their child to complete his education and start his life. Thus Children Education plan is required from the day of birth. Life Insurance plan should be planned and parents should be able to get funds whenever required. LIC Children Education plan give complete protection to child’s education till he/her studies are not over.

LIC of India is fully owned by Government of India. You can depend upon LIC of India and its policies for our child education and future.

LIC Children plans , call me at 9480240513 or 9886568000

LIC TAX SAVING PLANS

Price: 1000

LIC Tax Saving plans offer dual tax benefits under section 80C and 10 ( 10 D) of Income Tax Act, 1961.,

LIC plan like Life Insurance, Term Plans, LIC Jeevan Labh, Jeevan Anand and other LIC Plans offer tax benefits.

For more info call at 9886568000 or 9480240513