Tax Planning and Investing Made Easy on Bajaj Markets

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Tax Planning and Investing Made Easy on Bajaj Markets


 





Pune, Maharashtra, India:
 

Bajaj Markets, a subsidiary of Bajaj Finserv, offers individuals access to a range of investment tools that could help them save on tax. In turn, this will reduce their tax liability while growing their wealth.

One can choose from a variety of options on the platform, such as:


  • National Pension Scheme (NPS)

  • Sovereign Gold Bond (SGB)

  • Equity-Linked Savings Scheme (ELSS)

  • Equity Mutual Funds


Here is a table that outlines the tax benefits offered by these avenues:
 









Investment Option Tax Benefit
NPS

  • Tax exemption on sums up to Rs. 1.50 Lakhs u/s 80C

  • Additional tax benefit on amounts up to Rs. 50,000 u/s 80CCD (1B)

  • Lumpsum component is tax-free and annuity is taxable on maturity
SGB

  • On capital gains tax during redemption
ELSS

  • Tax exemption on sums up to Rs. 1.50 Lakhs u/s 80C
Equity Mutual Funds & Stocks

  • On long-term capital gains up to Rs. 1 Lakh per year


Since income tax liability is one of the key considerations when choosing an investment, these avenues form an important part while planning for finances. Interested individuals can check out detailed insights about these investments and their earning potential on the platform. Additionally, they can easily invest in these tools via 100% digital processes.

While NPS and SGB are backed by the government, investors can choose from top issuers and AMCs when it comes to ELSS and Equity Mutual Funds. Bajaj Markets offers easy comparison of past performance, helping one make the right decision to secure a strong financial future.

Investors can get started in no time on the Bajaj Markets’ website or mobile app. Furthermore, they can access other investment vehicles on the platform to build their wealth.



About Bajaj Markets

Bajaj Markets, a subsidiary of Bajaj Finserv, and one of the fastest growing fintech in India, is a one-stop digital marketplace that offers multiple financial products across all categories – Loans, Cards, Insurance, Investments and Payments. Bajaj Markets has partnered with some of the most trusted names to offer choice to its customers and help them achieve their financial life goals.

Having started its journey as a fintech, Bajaj Markets has since then, built a very strong business as a techfin. Its technology services businesses are built on its core capabilities in consumer insights, technology and data analytics. Its first B2B SBU, Skaleup, has been created to become the leading digital technology services provider in India through deep domain expertise and execution capabilities.

Bajaj Markets has built a new business unit to become the preferred partner for digital technology initiatives across all group companies of Bajaj Finserv. Herein, the strategy is to align with digital technology roadmap objectives of all the group companies of Bajaj Finserv and offer digital technology services and platforms at market competitive rates.

Visit www.bajajfinservmarkets.in or download the Bajaj Markets app from Play Store or App Store. With Bajaj Markets, “Ab Choices Hue Aasaan”.





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