Why Reliance Tax Saver Fund is the Best Tool for Tax-Saving?
Posted by Dishika Baheti on August 16th, 2018
In the book, ‘The Joy of Tax’, the British Chartered Accountant and author Richard Murphy has challenged almost every belief or misconception that you might have about paying taxes. It’s intriguing to see how smartly he has demonstrated that there is indeed a joy in paying your taxes. Of course, it might sting those who live under the impression that tax is merely a white collar stealing by the government of the citizen’s money, but that is simply not the case. In fact, the government has made many rules for the comfort of the taxpayers, and Reliance Tax Saver Fund is the ultimate tool to plough those comforts into your lap.
Ever since the inception of the taxation system, people have been living in a false belief about tax. They think that tax is pointless and an unnecessary burden on their already scarce income. But, little do they know that it is the tax that allows them to use all the latest technology, amenities and facilities that they demand and expect from the government. This article contains many eye-opening facts that will debunk the myths about tax that have been prevalent since ages. It will allow you to think clearly about why you should pay taxes, and how you can get the maximum benefit of legally paying taxes.
Why is Tax Necessary?
Country’s Infrastructure - Government Parks, airports, and railway stations. Where do you think the money comes from?
Eradication of Poverty – 100 days of assured work, subsidies to BPL families, and construction of dams for irrigation purposes. NO! The government doesn’t have a Genie to make all these wishes come true in a snap of a finger.
How can Reliance Tax Saver Fund Help You?
Here, the benefit means a flat deduction up to Rs. 1, 50, 000 from the annual total taxable income, and the approved modes means investing in ELSS plans, Public Provident Funds, and National Pension System etc. The best out of these options is investing in ELSS plans, and Reliance Tax Saver Fund (G) is one of the best tax-saving ELSS plan available in the Indian market today. Hence, if you can achieve the said deduction to its maximum limit, you can easily save up to Rs. 46, 800 on your annual tax bill. Was that enough to demotivate you from evading taxes? If not, continue reading.
What are the Other Benefits of Investing in Reliance Tax Saver Fund (Growth)?
About the AuthorDishika Baheti
Joined: February 14th, 2018
Articles Posted: 33
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