Exclusive Scheme for First Time Investors with Tax Benefits
In order to boost the small and first time investors to take some risk and invest in Equity market, the Government of India has opened up yet another Tax Saving plan or rather monthly saving scheme called Rajiv Gandhi Equity Savings Scheme or RGESS. With RGESS, Equity investment is being rewarded.
Key features of Rajiv Gandhi Equity Savings Scheme:
Meant for first-time retail investors
Individuals with annual income of Rs.10 lakh can invest in RGESS
Investors can invest upto Rs.50,000
The first one year from the date of investment is a fixed lock-in period
The flexible lock-in period is for next two years from the date of the end of the fixed lock-in period.
Deduction from income will be at the rate of 50% of the amount invested
Deduction is available for the first three years
To know more about Rajiv Gandhi Equity Savings Scheme, share your details with us in the form.
To know more, share your details with us.
Other Investment Options :
1)
Gold ETF
2)
High Dividend Yield Stocks
