Tax Saving Opportunities in FY 2024-25 Available on Bajaj Markets
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Bajaj Markets, a leading digital financial marketplace, provides access to a variety of tax-saving investment. The new financial year (FY) 2024-25 presents an opportunity to optimize taxes and achieve long-term financial goals.
*Tax saving opportunities available on Bajaj Markets**Tax Saving Opportunities*
The following financial instruments are available on the digital marketplace. Individuals may choose to invest in these to maximize their tax-savings.
· *Tax Saver Fixed Deposits (FDs)*
· Bajaj Markets has partnered with reputable banks to offer tax-saving FDs.
· These FDs allow deductions of up to Rs. 1.5 lakhs under Section 80C of the Income Tax Act, 1961.
· These FDs have a locking of 5 years.
· Competitive interest rates ensure good returns alongside tax benefits.
· *Equity Linked Saving Schemes (ELSS)*
· Invest in a diversified portfolio of stocks through ELSS mutual funds.
· ELSS offers deduction under Section 80C (up to Rs. 1.5 lakhs).
· ELSS has locking of only 3 years.
· Potential for high long-term capital appreciation.
· *National Pension Scheme (NPS)*
· Contribute towards retirement while saving on taxes.
· Get tax deductions of up to 10% of salary (Section 80CCD) if opted for Corporate NPS Account and Rs. 50,000 (Section 80 CCD(1B)) if opted for Individual NPS Account.
· NPS offers a disciplined approach to retirement planning.
· *Home Loan*
· Interest paid on home loans can be claimed as a deduction under Section 24 (up to Rs. 2 lakhs) and Section 80C (principal repayment).
· Individuals can consider refinancing their existing home loan for potentially better interest rates and tax benefits.Explore a variety of investment options offered by different financial institutions on Bajaj Markets and their tax benefits. Individuals can make informed financial decisions and reach their financial goals.*About Bajaj Finserv Direct**Limited*
Bajaj Finserv Direct Limited, a subsidiary of Bajaj Finserv, is one of the fastest-growing fintech companies in India. It has two primary arms, Bajaj Markets, a financial marketplace, and Bajaj Technology Services, a techfin service provider.
Bajaj Markets is a marketplace that offers multiple financial products across all categories - Loans, Cards, Investments, and Payments. Bajaj Markets has partnered with trusted financial brands to offer "India ka Financial Supermarket". A one-stop destination where its customers can explore a host of products that can help them achieve their financial life goals.
Having started its journey as a fintech, Bajaj Finserv Direct has also built a very strong business as a techfin. Through Bajaj Technology Services, it offers a wide gamut of digital technology services which span Custom Applications, Enterprise Applications, Data & Analytics, Gen AI, Cloud Services and Digital Agency.
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Visit the Bajaj Markets website or download the Bajaj Markets' app from the Play Store or App Store to experience "India ka Financial Supermarket".