Sentences with phrase «eee tax»

When a financial product offers an investor the EEE Tax Benefit i.e. Exempt Exempt Exempt, this means that the funds invested in that product, the capital gains and interest income earned on that product, and the withdrawals made from that product, are all exempt from tax.

Secondly, it can be a very effective tax saving instrument as it comes under the EEE tax bracket which means it is exempted from tax at the time of deposit, interest accumulation and withdrawal.

The Scheme comes under EEE tax status, which means Investments made under this scheme are exempted from income tax (subjected to 80C limits), Interest earned are exempted from tax and returns are also exempted from income tax.

These funds have EEE tax status which means for any money you invest in ELSS you are not required to pay income tax at any stage.

Not exact matches

ELSS falls under EEE (exempt - exempt - exempt) category, meaning the entire Investment amount, the dividends earned from them and the maturity earnings from the Investments are all Tax - Free.

Dear Ram, Tax saving with EEE + guaranteed return + time - frame of 7 years — tough requirements..

Please quote an example each for EEE, EET, ETE, TEE.TET, TTE with its tax u / s and tax computation, including short / long term capital gains.

EEE, EET and ETE are three basic terms used for investment done for tax saving purposes.

You may have guessed it by now — yes, Life Insurance gets the «EEE» benefit, unlike most other savings instruments which get only the EET benefit (Exempt - Exempt - Taxed) wherein even if you get tax benefits on investments, your final received amount is taxed, reducing your overall retTaxed) wherein even if you get tax benefits on investments, your final received amount is taxed, reducing your overall rettaxed, reducing your overall returns.

The four products — PF, GF, NPS, superannuation fund — will be under the exempt - exempt - exempt (EEE) regime of taxation, that is, tax exemption will be available at the time of investment, accumulation and withdrawal.

Along with providing all these benefits, most insurance investmentsfall under the EXEMPT - EXEMPT - EXEMPT (i.e. EEE) category when it comes to tax planning.

As life insurance falls under EEE (i.e. Exempt - Exempt - Exempt) category, both, the premium paid as well the sum assured is exempt from income tax.

Tax exemption under Sec 80C and Sec 10 (10D) of IT Act, 1961, and offers the benefit of EEE structure wherein no tax is levied on the maturity amoTax exemption under Sec 80C and Sec 10 (10D) of IT Act, 1961, and offers the benefit of EEE structure wherein no tax is levied on the maturity amotax is levied on the maturity amount

This product also comes under the exempt - exempt - exempt (EEE) category for the income tax.

At the moment, insurance offers EEE benefit under the proposed Direct Tax Code.

It is not surprising, as life insurance is the only product other than Employees» Provident Fund and Public Provident Fund that gives tax exemption while investing and at the time of maturity, that is, Exempt - Exempt - Exempt (EEE).