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Tax Savings for Everyone
The reforms and announcements of the Personal Finance section of the Union budget are ardently anticipated to enable better tax-saving. Managing taxes is a tedious task, and only an ingrained habit of efficient Tax management can help reduce tax liabilities and save more money for the future. At Bajaj Capital, we endeavour to cater to all your Tax saving needs through efficient investment moves taken at the right time.Today, we have more than 3.5 million clients across the country in over 100 cities, walking down a financially secured future by choosing the right financial instruments.
NPS: National Pension System
- Save Tax up to ₹15,600** by investing in National Pension System under Section 80CCD1B
Term / Traditional Insurance
- Save Tax up to ₹46,800# with Term / Traditional Insurance under Section 80C
Health Insurance
- Save Tax up to ₹23,400# with Family Floater Health Insurance Plans under Section 80D
The Bajaj Capital Advantage
Bajaj Capital will help you choose customised tax-saving solutions that not only save tax but also enable you to achieve your financial goals.
TRUST
- With a legacy of 57 years of exceptional service to our clients' generations, we cater to more than 3.5 million clients today across the nation.
Expert ASSISTANCE
- Our Relationship managers help you through the tax management process as per your ease and comfort while ensuring a Hassle-free and Seamless experience.
DIGITAL-FIRST APPROACH
- A simple registration process with 24x7 availability - Paperless transactions and online logins for easy access. Be it Mutual Fund, NPS, Term Insurance or Health Insurance - all Investments come with comprehensive performance reports.
Getting Into the Details
- Lowest charges for account opening, account maintenance & transaction
- 24X7 access for all online requests and user friendly interface
- SMS and email alert facility from our CRA partner KFintech
- Immediate access to subscriber after PRAN generation
- Instant email statement on contribution transactions
- SSL certified payment gateway
- Any Citizen of India.
- Age between 18 years to 65 years.
- Applicant should be KYC compliant.
- Applicant should not have a pre-existing NPS Account.
- Employer Contribution: Deduction up to 10% of salary (Basic + DA) from taxable income u/s 80 CCD(2). This is over and above the limits u/s 80 CCE.
- Employee Contribution: Deduction up to 10% of salary (Basic + DA) within overall ceiling Rs 1.5 Lac u/s 80 CCE.
- Voluntary Contribution: Deduction up to Rs 50,000 u/s 80 CCD(1B) from taxable income for additional contribution to NPS.
- For Account opening, you need to have: a valid KYC (as per SEBI guidelines),
- A valid PAN Number, Valid Address Proof, Mobile no. and email ID.
- Upload your scanned photograph and signature in *.jpeg/*.jpg format having file size between 4KB – 50KB
- Scan copy of Address Proof. Address should match with the CKYC records, else the Application will be rejected and subscriber will have to apply offline.
- Upload the scanned copy of cancelled cheque or Bank Passbook in *.jpeg/*.jpg/*.pdf format having file size 4KB – 2MB
- Initial contribution needs to be done through the Internet Banking/Credit Card/Debit Card facility of any of Bank available in Payment Gateway.
- This NPS registration process is CKYC Based, in case CKYC is not available .
In the National Pension System, the maturity age is 60 years (retirement age). At the time of maturity, a subscriber can take upto 60% lump sum withdrawal that will be tax exempt. At least 40% of the corpus needs to be utilized in buying annuity, which is mandatory. The subscriber can also stop making contribution towards his/her pension fund at the time of maturity and defer the pension till the age of 70 years.
*Income Tax benefits to unit holders will be based on financial instruments.
Considering a user will invest Rs. 2,75,000 in 80C, 80CCD(1B), 80D and falling under 30% Tax Bracket with 4% surcharge.
**On investing ₹2 lakh every year, Save Tax upto ₹62,400 through NPS Investments.
#Income Tax benefits to unit holders will be based on prevailing tax laws.