Life Insurance needs Priority

There are many reputed and trusted Insurance Companies in India, among of them Birla Sun Life is the top most trusted insurance company. They spread their distributors and agents all over the globe. They have opened several branches and provide a facility to the person to access their account where he lived. Birla Sun Life offers monetary support and protection to the family members.

Beneficiary will receive the lump sum amount from the insurance company after perish of the insured person. Customer can get the several policies and plans suitable to their need from Birla Sun Life Insurance. Person premium amount totally depends on the gender, age and work profession of the person.Insurer can take life insurance for the sake of investment. Person can choose any option from Tax Saving Schemes available in the market which suits their need. Buyer can also invest funds in housing property, insurance policy and government savings. Birla Sun Life Insurance policy is easily affordable and people do not pay enormous prices around the coverage he attain. Acquire the affordable life insurance policy and maintain standard of living.

Saving Season - 2013

Tax Day is typically a passionate day, and 2013 looks to be no different. The entire employee person wants to save their maximum tax under Section 80c of Income tax Act. Taxes can affect on the ability to achieve your financial goals in the future. Tax-wise investing strategies can help you to optimize how much amount you can save toward your dreams and goals and gain profit over your taxes when you retire.

Dialabank will help you to find your best plan with helpful tips that will help out you to keep your hard earned money with our Financial Expertise. In the Indian Market today there are lots of Financial Plans for your little savings. There are many of them provides you guaranteed profits, high interest rates, tax savings under a variety of sections 80C of Income Tax Act and many more benefits.

Save Tax !!! Its High Time

As December is going to end, a salaried person wants to save tax, and he/she is searching for tax saving schemes. Tax saving is an important service of this part of a year. A person can avail a life insurance plan to save their maximum tax. The government of India provided the best tax saving schemes in which we can take its benefit with investing in them. There is lots of Tax saving plans available under the section 80C  in the market today.

Tax Slab  and Saving for Individual Tax Payers - Year 2012-13

Income	Tax rate	Savings
Up to Rs2,00,000	NIL	Rs2,060
Rs2,00,001 to Rs5,00,000	10%	Rs2,060
Rs5,00,001 to Rs10,00,000	20%	Rs2,060
Rs10,00,001 and above	30%	Rs22,660

Tax Slab and Saving For Women Year 2012-13

Income	Tax rate	Savings
Up to Rs2,00,000	NIL	Rs1,030
Rs 2,00,001 to Rs5,00,000	10%	Rs1,030
Rs5,00,001 to Rs10,00,000	20%	Rs1,030
Rs10,00,001 and above	30%	Rs21,630

Tax Slab for Senior Citizens  Year 2012-13

Income	Tax rate	Savings
Up to Rs2,50,000	NIL	NIL
Rs 2,50,001 to Rs5,00,000	10%	NIL
Rs5,00,001 to Rs10,00,000	20%	NIL
Rs10,00,001 and above	30%	Rs20,599

Learn more from our experts. Call us on 60011600 (18 Cities in India) or 9878981166

Remember, a Rupee Saved is a Rupee Earned.

DialaBank.com

Various Tax Savings Schemes

Indian Life Insurance Companies offer various Tax Savings Schemes. Both government and private insurance companies offer the life insurance and tax savings plans at the same time under section 80C of Income Tax. There is no any plan or scheme that fully exempted people from making tax payment. However, there are various insurance policies and investment plans that help people in reducing the tax. Followings are various Tax Savings Schemes.

Public Provident Fund: The central government of India launches the PPF (Public Provident Fund) for any Indian citizen. PPF (Public Provident Fund) is the investment and Tax Savings Schemes. There is no need to be salaried or government employee for getting this plan. The individual can open an account of Public Provident Fund even if the person does not earn money. This fund is eligible for reducing the tax and no tax has to pay on maturity. 500 to 70,000 per annual is the minimum and maximum range respectively of the PPF. Investor can withdraw the amount on the 7th financial year.

Post Office Deposits: People can also save their taxes by investing in saving plans from Post offices in India. Post Offices offer various different savings schemes and short period options from 1 to 5 year period. Post Offices provide various benefits of tax savings are.

a)      Kisan Vikas Patra

b)      Post Office Recurring Deposits

c)      National Savings Scheme

d)      National Savings Certificates

e)      Public Provident Funds

f)       Post Office Time Deposits

g)      Post Office Monthly Income Scheme

Insurance: Person can avail tax rebates by investing in saving schemes of life insurance from government or private life insurance companies like SBI Life Insurance, HDFC Life Insurance, and other.

Equity Linked Savings Scheme (ELSS): ELSS (Equity Linked Savings scheme) is a Tax Savings tool. These tax saving schemes are popular Tax Savings investment. This is the scheme of mutual fund; hence only mutual funds companies can sell these schemes. The Lock-in period of ELSS is 3 years.

Other Alternatives: Other Tax Savings Schemes are as follows.

a)      Public Provident Fund

b)      Life insurance premium payments

c)      Contributions to Employees Provident Fund (EPF) / GPF

d)      National Saving Certificates (NSC)

e)      Tuition Fees including college fees or admission fees

f)       Senior Citizens Savings Scheme (SCSS)

g)      Unit Linked Insurance Plan (ULIP)

h)      Equity Linked Savings Scheme (ELSS)

i)        Repayment of Housing Loan

j)        5-Year fixed deposits with Post Office and banks

k)      Infrastructure Bonds issued by Banks

l)        National Pension Scheme (NPS)