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Tax Free Returns |
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While comparing the returns of any instrument one need to understand the impact
of tax & post tax returns. One should know whether the interest earned on the
instrument is tax-free or taxable. If taxable is it subject to TDS ? some may conveniently
consider No TDS means Tax-Free, but in fact it is responsibility of assess to take
this income into consideration while computing tax on his/her total income.
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Tax-Free
Income.(Residents)
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• Dividends declared by Mutual Funds.
• Interest Received on Tax Free Bonds.
• Interest earned in PPF a/c.
• Maturity Proceeds of Life Insurance Policy.
• Survival Benefit Paid on Life Insurance Policy.
• Long-Term Capital Gain Tax arising from sale of units of Equity mutual Funds.
• Commutation received under pension policy.
• Amount received by nominee as death claim from life insurance company.
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