Man-made gods will always keep us on tenterhooks, as even our natural God is unpredictable, for better or for worse. Hence, we will have to continue to fend for ourselves only.
1. Long-term savers, who prefer Fixed Deposits, can remain tax-exempt in their initial investment under overall Sec 80C tax benefit limits, through continuous laddering of 5-year+ Fixed Deposits.
2. They can select the principal amounts of these long-term Fixed Deposits as per the suitability of their future withdrawal needs, and their online issuance, withdrawal and tracking is very smooth.
3. Upon their laddered maturity, the accumulated interest would be a taxable income as per their individual slab rates during the year of withdrawal.
4. For debt funds too, similar laddering up with long-term higher interest funds would fare better towards tax-efficiency as there would be no accumulated interest involved.
5. Upon withdrawal as per your specific needs, there would be long-term capital gains which would qualify for tax benefits under indexation rules.
1. Long-term savers, who prefer Fixed Deposits, can remain tax-exempt in their initial investment under overall Sec 80C tax benefit limits, through continuous laddering of 5-year+ Fixed Deposits.
2. They can select the principal amounts of these long-term Fixed Deposits as per the suitability of their future withdrawal needs, and their online issuance, withdrawal and tracking is very smooth.
3. Upon their laddered maturity, the accumulated interest would be a taxable income as per their individual slab rates during the year of withdrawal.
4. For debt funds too, similar laddering up with long-term higher interest funds would fare better towards tax-efficiency as there would be no accumulated interest involved.
5. Upon withdrawal as per your specific needs, there would be long-term capital gains which would qualify for tax benefits under indexation rules.