We all know the benefits of starting early. I am not telling you that it will be easy but it is going to be worth it....
Ok.... lets understand it from this silly example. In any day, you take your meal 3 to 4 times or just one time to complete the quota ? So, as you understand that having your meal 3 to 4 times a day keeps your body healthy, investing regularly and in small parts will not make you feel the pinch of big investment even though your investment will be sizeable and will also keep your investment healthy.
Let me list down few benefits of starting tax planning in first quarter of the year -
1. You can plan it to accumulate funds through out the year in small portions. And at last accumulated funds can be used for investing in tax efficient instrument.
2. You will have ample amount of time to undertake complete research on available tax savings investment instruments.
3. There will not be any pressure upon you from your company about last date of investment proof submission.
4. Most important - you will be making an investment as per your needs and that will be tax efficient and not a mere tax saving investment.
5. It will be helpful in completing one of your medium term goal from it's maturity proceeds... as it will be properly planned.
6. You can invest sizeable amount, as you will have 3 quarters remaining..... And you will also not feel the scarcity of funds for tax savings investment at last moment, which we generally experience.
So, my appeal to you is .... start early and be wise with your hard earned money.
Please post your valuable comments after reading this article.
Ok.... lets understand it from this silly example. In any day, you take your meal 3 to 4 times or just one time to complete the quota ? So, as you understand that having your meal 3 to 4 times a day keeps your body healthy, investing regularly and in small parts will not make you feel the pinch of big investment even though your investment will be sizeable and will also keep your investment healthy.
Let me list down few benefits of starting tax planning in first quarter of the year -
1. You can plan it to accumulate funds through out the year in small portions. And at last accumulated funds can be used for investing in tax efficient instrument.
2. You will have ample amount of time to undertake complete research on available tax savings investment instruments.
3. There will not be any pressure upon you from your company about last date of investment proof submission.
4. Most important - you will be making an investment as per your needs and that will be tax efficient and not a mere tax saving investment.
5. It will be helpful in completing one of your medium term goal from it's maturity proceeds... as it will be properly planned.
6. You can invest sizeable amount, as you will have 3 quarters remaining..... And you will also not feel the scarcity of funds for tax savings investment at last moment, which we generally experience.
So, my appeal to you is .... start early and be wise with your hard earned money.
Please post your valuable comments after reading this article.
