Guide to Last Minute Tax Saving

Last Updated on August 30, 2021 at 3:41 pm

Here is a compilation of posts that hopefully can serve as a guide to last minute tax saving.

Do not use ELSS mutual funds to save tax in the last minute! Unless you understand the volatile nature of equity returns, do not listen to any AMC or agent and invest in ELSS in the last minute. The return you can get from equity this month, you will also get if you invest next month (April).

Last minute tax saving tips 2016: Invest only in what you understand Do not invest in haste and regret later. In this juncture (mar 31st deadline), it is important to invest only in instruments that you fully understand.

Making the best use of section 80C for tax saving: an example Are you sure you need to make additional investments at this point in time? Are you make the best use of 80C?

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Do Not Invest Rs. 50,000 in NPS For Saving Tax! NPS is a long-term commitment. Never invest in such instruments at the last minute. If the new rules make this attractive, invest from April.

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Dr. M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over ten years of experience publishing news analysis, research and financial product development. Connect with him via Twitter, Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free investment advice.

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Our new book for kids: “Chinchu gets a superpower!” is now available!

Both boy and girl version covers of Chinchu gets a superpower — **Both the boy and girl version covers of Chinchu gets a superpower.**

Most investor problems can be traced to a lack of informed decision-making. We have all made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, what would it be if we had to groom one ability in our children that is key not only to money management and investing but to any aspect of life? My answer: Sound Decision Making. So in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parents plan for it and teach him several key ideas of decision-making and money management is the narrative. What readers say!

Feedback from a young reader after reading Chinchu gets a Superpower (small version) — **Feedback from a young reader after reading Chinchu gets a Superpower!**

Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.

Buy the book: Chinchu gets a superpower for your child!

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