How to Axe Your Tax Problem with TATA India Tax Savings Fund?

Paying tax is inevitable. It is basically the fee that you pay for living in a country, for using their facilities, and for being called their citizens. When such an important fee is evaded or delayed, the government is tempted to take strict actions. But why would one not pay his taxes properly? While one of the reasons that could be given for such a bold step is the high tax rates, lack of proper knowledge has a bigger role in triggering such steps.

Hence, to ensure that the Indian citizens are paying their taxes properly and are not cheating their government, TATA India Tax Savings Fund was introduced. This fund is the answer to all the tax problems that you might have, as it provides a horde of benefits. MySIPonline greatly admires the fund for its outstanding servility and performance that has lured many people to adopt legal ways of paying their taxes, rather than trying to evade it.

In this write-up, many interesting facts about TATA India Tax Savings Fund (G) have been given, which will make you wonder why you didn’t know them before. So, let’s get started!

The Introduction 

TATA Mutual Fund, one of India’s oldest and largest asset management companies, have always been known for providing superb solutions to the investment problems. In a country like India where tax is seen as a significant issue, TATA India Tax Savings Fund (G) acts as a pain reliever. It is an ELSS plan that qualifies for the many benefits allowed by the law, which are discussed later in this article. By giving phenomenal performances and helping innumerable people in sorting their taxes out, the fund has scored the rare four star rating from CRISIL which it has been holding on to for past many years. 

The Advantages

Investing in TATA India Tax Saving Fund Growth via an SIP plan purchased through MySIPonline is the ultimate pathway to a glorious investment plan. There are many advantages attached to investing in this fund as described below: -

• Tax Advantage :Section 80C of the Income Tax Act, 1961 states that an investment in an ELSS plans (and other authorised alternatives) can fetch a combined deduction of Rs. 1,50, 000 from the annual taxable income. This in turn will lead to a saving of Rs. 46, 800 from the annual tax bill, which is a superb saving. Imagine the amount you would have saved on your taxes in the next five to ten years!
  
• Excellent Rewards : Besides helping in axing the taxes, TATA India Tax Savings Fund (Growth) also provides handsome rewards. In the recent past, the fund has scored results that were as high as 20.86%, beating the benchmark performance (15.30%) and the peer returns (19.57%). Further, with this number the fund stands amongst the top five returns churners in the ELSS category.
  
• Least Lock-in : 
  Out of the many resorts available for saving taxes, ELSS plans are considered to be the best. This is because they provide the highest returns and also have the least lock-in period. Hence, TATA India Tax Savings Fund – Regular Plan (G) provides an opportunity for inculcating healthy investments habits, since the lock-in of three years doesn’t let you withdraw your funds prematurely and also saves you from paying the exit load.  

Hence, if you are facing a lot of trouble in controlling your soaring tax bills, then you must invest in TATA India Tax Savings Fund. Buy an SIP plan in this fund via MySIPonline for a flawless start to tax saving.