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tax saving instruments


Banks
Bank of Baroda

Bank of Baroda

Home Loan : BOB offers following benefits with home loan to be availed by you: • Free Property and Personal Accident Insurance (available for...
State Bank of India

State Bank of India (SBI)

Car Loan : Move ahead in life with SBI Car Loans with more than 6000 Branches offering Car Loans. If you have been putting off purchasing that Car, SBI...
Loan Faqs
Faq

Do I get any tax benefit by taking an educational Loan? :

Once you start repaying the loan, you can deduct the interest amount from your total income while calculating tax. So, the effective interest rate on the loan works out to a lower amount for that particular year.  
Faq

What are the tax benefits for repaying a home loan? :

You can claim both the interest and principal components of your repayment during the year. Interest can be claimed as a deduction under Section 24 and you can claim up to Rs. 150,000 or the actual interest repaid whichever is lower. You can also claim tax benefits for principal up to the maximum...
Insurance Faqs
Faq

What are the tax benefits of a life insurance policy? :

In India, under Section 88 of the Income Tax Act, tax rebate is provided to premiums paid to keep in force an insurance policy. You can also get deduction under Section 80CCC of the Income Tax Act for the contribution towards pension funds.
Faq

Why do we need it? :

Besides making payment after the loss or life or maturity of the insurance term, insurance policies also offer investment benefits. With a life insurance policy, you can save for your old age, fund your child's education, save taxes and so on. Most life insurance policies also provide tax...
Insurance Blogs
Blog

Basics of life insurance

Life insurance provides a family with financial support in the case of death of the breadwinner of the family. According to a life insurance policy, a fixed amount of money is paid to the insured or the beneficiary at the end of its term or upon the death of the insured. Life insurance also...


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