savings (3)


As the calendar of 2018 closed down, we all started with new resolutions to save maximum in the financial year 2019. Many investors have already invested in Tata India Tax Savings Fund to get the maximum tax deduction benefits while filing the tax returns. But, some taxpayers, who are unaware about saving taxes by investing in ELSS schemes, are looking to compensate the time which they passed over by not utilising the maximum tax savings benefits under section 80C. So, here are the steps to kick start the financial planning for the financial year 2018-19 and get maximum benefits before the year end on 31st March 2019.

Step 1: Calculate Payable Tax Through Tax Calculator
The taxpayers can calculate the total tax payable to the government of India using this tool. This tool is available at MySIPonline, and you can use it without registering and paying anything. Here, you just have to feed the relevant information asked about your total income from different sources and mention the total tax deduction across different options such as LIC, FD, ELSS and PF. After mentioning all the information, you just have to click on the calculate button. That’s it! You will get information about the total payable taxes, tax relief, surcharge, education cess, and total tax liability information.

If you do not invest in any option under section 80C or come to know that the income is less than Rs 1.5 lakh in tax savings option, you can invest the remaining amount in Tata India Tax Savings Fund G.

Step 2: Choose the Lump Sum Mode of Investment
As the tax filing is awaited in March 2019, you are advised to invest in Tata India Tax Savings Fund growth through lump sum mode of investment. You can use tax calculator again to find out how much you are required to invest under section 80C of Income Tax Act, 1961 to make the total investment amount up to Rs 1.5 lakh.

Step 3: Invest in Tata India Tax Savings Fund
To start investing in Tata India Tax Savings Fund through MySIPonline, the user is first required to register at our site. We don’t charge anything for registering with us, so you don't need to worry about the fee and other expenses. After registering successfully, you are asked to complete the profile so that our experts can help you out in the further process. KYC verification is an important process here; so please complete it with the help of the support team if you require.

Why Not Choose SIP Mode of Investment for Now?
Our experts always advise investors to invest through SIP mode of investment. But now, as March is just 2-months away, you couldn’t invest sufficient fund through SIP. The better approach is to invest through lump sum mode of investment to get maximum tax savings benefits before filing the returns.

Although when you are done with tax filing for FY 2018-19, you can start investing in Tata India Tax Savings Fund through SIP for FY 2019-20 planning and save maximum taxes.

The taxpayers are advised to start in Tata India Tax Savings Fund as soon as possible before the financial year ends and save the maximum taxes. By following the process as mentioned above, he/she can surely save through the smart move. Further, you can also use SIP calculator tool available on our website for seeking maximum benefits for from SIP investments.

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In society there are debt traps that consumers regularly fall into which leads to not only staggering figures of consumer debt. Terry Sacka, AAMS breaks the points of data that consumers can use to avoid these traps that put them in debt.

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5 Ways to Save on Electricity During the Holiday Season

With office celebrations and gifts things can get busy for businesses. With just a bit of work and know-how, one expense businesses make on savings and can cut down is electricity.

If you are thinking about reducing this unavoidable business expenditure throughout the holiday period, have a peek at the next ways to save on energy during this busy time of year.

Create an Energy Checklist

One of the first things that you should do in order to try and help your business consume less energy during that festive period is to make an energy checklist. This checklist must cover every element of your business's energy-usage.

A number of the principal things your energy record must include are heating, lighting, drafts and venting, equipment, gas and power. When creating a power checklist ahead of the vacation season, you should visit every room in your business premises, adding everything -- including equipment and lighting that will affect your energy consumption so you can effectively winterize your business.

Opt for LED Lighting

Since the Department of Energy notes, LED lights consume 70 percent less electricity. Consequently, lighting a tree in the workplace for 12 hours every day for 40 days would cost $0.27 compared to the $10 it would cost to light the identical tree with incandescent bulbs.So switching toLED lighting solutions can be the best option.

Retain the Heat in Your Building

With the erratic weather around the holiday season, heating often needs to be functioning at full throttle to keep everybody warm at work. Simply draft-proofing your assumptions so doors and windows don't allow cold air in and hot air out helps make sure your heating system has less work to do. And less work to the heating system means fewer bucks to cover on power bills!

Treat Your Company to an Energy Audit

Now is the time to do an  energy audit of your business to ensure you save money on electricity and gas in time for your holiday season. An extensive energy audit will bring energy consciousness to a business, identify where energy will waste, and put an action plan where energy could be stored. Assessing an energy audit in your business premises is one of the most cost-effective ways to assist consistently reduce monthly expenditures on gasoline and power.

Think About Energy Consumption in the Company Kitchen

It's the season for overindulgence and therefore kitchens both at home and at work tend to be working overtime during the holidays. With colleagues gathering in the kitchen, eager to warm up mince pies to be shared around the office or make warm cups of hot chocolate in the afternoon, the energy costs can begin to rise.

Encouraging members of your staff to use common sense considerations, however, can help reduce energy costs in your office kitchen. For example, encourage employees to use the right size pot when cooking or heating food on stove burners as a simple way to reduce electricity costs. Ask employees to avoiding opening the oven door when cooking and therefore letting heat escape.

To get the best energy saving solutions visit Verde Solutions.

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