Sep 6 2017

Tax Saving Schemes for Individual for AY 2015-2016-Instant Guide #tax,income #tax #act,income #tax #rules,taxmann,tax #guru,tax

# Tax Saving Schemes for Employees-Instant Guide for A.Y. 2015-2016 • Option to continue after maturity for every 5 years. • Investment: Mm. 500; Max. 1.5 lac p.a. • Can withdraw 50% of the balance from 7th year onwards. • An amount equal to withdrawal can be invested from current year’s income to make the account a self sustaining one. • Loan upto 25% of balance available (2 years ago) is allowed upto the end of 5th year. • Second loan is given after clearing the first loan. • No loan is given after 6 years from the date of …