SBI - TAX PLANNING

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  • Hi , let us help you make the most out of 80C benefits

    How much have you already invested in 80C for FY ?

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    You have already acheived the maximum possible Investment limit for investments as per Section 80C

    What investments are under Section 80C?

    Investments in the following can be claimed under section 80C :

    • Employee Provident Fund (EPF)
    • National Pension Scheme (NPS)
    • Public Provident Fund (PPF)
    • Home Loan Repayment
    • Tax Saving Mutual Funds (ELSS)
    • Life Insurance
    • Health Insurance (Self & Family)
    • Others under 80C
    • Health Insurance (Parents)
  • You can save upto ₹ more by investing in the SBI Long Term Equity Fund (Previously Known as SBI Magnum Taxgain Scheme)

    How do you wish to invest?

    • One Time Investment

      One-time investment of ₹

    • Monthly SIP

      Monthly SIP of ₹ for months

    • Disclaimer:

    • i. Surcharge on income above 50 lakhs is not considered for above computation.

      ii. Individuals having total income not exceeding Rs. 500,000 can avail rebate of lower of actual tax liability or Rs. 12,500.

      iii. In case of a resident individual of the age of 60 years or above but below 80 years, the basic exemption limit is Rs.300,000.

      iv. In case of a resident individual of age of 80 years or above, the basic exemption limit is Rs 500,000.

      v. Health and Education cess @ 4% on aggregate of base tax and surcharge

      vi. The above computation is basis the old Personal tax regime.

      vii. Income tax benefits to the mutual fund and unit holders will be based on prevailing tax laws

      viii. The information mentioned above is for general information and understanding purposes only and should not be construed as legal/tax /investment advice in any manner. Investors should consult their own tax consultant / financial advisor to understand specific tax implications arising out of their investment in Equity Linked Savings Schemes (ELSS). ELSS or tax saving mutual fund schemes help investors ( Individuals / HUF) save tax under Section 80C of the Income Tax Act, 1961. Investments in ELSS are subject to a lock-in period of 3 years and qualify for a tax deduction of upto Rs 1.5 lakh.

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Monthly SIP Amount

/month

ELSS Fund

₹2,20,559

3 Years Lock-in 8.03% return

Bank Fixed Deposit

₹1,98,579

5 Years Lock-in 6.5% return*

PPF (Public Provident Fund)

₹2,12,912

15 Years Lock-in 7.9% return

NPS (National Pension System)

₹2,12,912

Till age of 60 7.9% return

Rates Applicable For Oct-Dec 2019; * For Non Senior Citizens Get 6.75% From SBI.

Recommended plan for you

With dual advantage of Tax-saving & potential for better returns than traditional Tax-saving Investment Products, this category of Mutual Fund Schemes is must have for every investor.

  • Tax saving with growth

    Tax saving with growth

  • Highest long-term returns

    Highest long-term returns

  • Lowest lock-in period

    Lowest lock-in period

SBI Long Term Equity Fund (Previously Known as SBI Magnum Taxgain Scheme)

ELSS

Very High Risk

Returns Since Inception Returns As on 13 Jun 2024

16.28% Regular-Growth

Monthly SIP Amount

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One Time Investment

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Taxes saved

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