Most salaried people wait till the last moment to do their tax planning and end up paying higher income tax or frantically investing in tax saving instruments that may not be appropriate for them.
By planning and spending time in researching various tax saving options, they can make better investment decisions and also save on income tax. Section 80c of income tax act specifies the investments that can help you save tax. The amount that you invest in these tax-saving instruments can be deducted from your taxable income at the time of calculating your tax amount for the year. The maximum deduction allowed under this Section is Rs.1.5 lakh per year.
It is important to know the various investments that fall under Section 80C in order to take informed decisions at the time of tax planning:
1) Provident Fund and Voluntary Provident Fund
The amount that is deducted from your salary as your contribution towards PF is eligible as deduction at the time of calculating your income tax. You have the option of enhancing the contribution that you make to your Provident Fund. This is called Voluntary Provident Fund and is eligible for income tax deduction under section 80C. Interest earned up to 9.5% is tax-free.
2) Public Provident Fund
This is a scheme offered by the government. You can invest any amount from Rs.500 to R.1,50,000 in a year, under this scheme. Your contribution to the Public Provident Fund is eligible for income tax deduction. The current interest rate in PPF is 9.5% and the interest is tax free as well.
3) Life Insurance Premiums
Any life insurance premium that you pay towards policies in your name, your spouse’s name or your children’s name are eligible for income tax exemptions under 80C. Premiums paid towards unit-linked policies are also eligible for tax deduction.
4) Equity Linked Savings Schemes
These are specially created mutual fund schemes that are meant for tax saving and gives you market-related returns. Any amount that you invest in ELSS funds is eligible for tax deduction.
5) Home Loan Principal Repayment
The EMI that you pay consists of two parts – the interest and the capital repayment. The amount that goes towards principal repayment qualifies for income tax deduction under sec 80C.
6) National Savings Scheme
This is a tax saving scheme with tenor of 5 years. Any contribution to NSC qualifies for sec 80C. The interest from NSC is compounded half-yearly and is taxable.
7) Infrastructure Bonds
Infrastructure bonds issued by infrastructure companies are eligible for income tax deduction.
8) Five-Year Bank FD
Any amount deposited as FD in a scheduled bank, for a period of at least 5 years is eligible for section 80C of income tax.
9) Term Deposits with Post Office
Term deposits with Post Office with tenor of 5 years is eligible for tax deduction.
10) NABARD Rural Bonds
Investing in NABARD rural bonds gives you tax relief under Section 80C.
11) Tuition Fee
The amount that you pay as tuition fee for your children, for a maximum of 2 children, is eligible for income tax deduction.
Safety Tips for Winter Road Trip – the Best GPS Tracker for Car No Monthly Fee to Buy
Do you have a plan to drive on a long trip this winter? Well, that will be very fun. However, it will be very challenging since the roads are slippery because of snow and ice in the season. Additionally, driving on a long trip also requires more tools to improve your car’s safety and one of them is GPS tracker. So, what you need to know about the safety tips for winter road trip? And what is the best product of GPS tracker you can buy for your winter trip?
Winter Road Trip – Simple Tips to Follow
To safely conduct your winter trip, there are several things that you have to put into consideration. Make sure that you know about the advisories mean used for certain conditions in winter. This is also important for you to stock your vehicle with winter essentials. Make sure that you bring winter equipment such as ice scraper, warning devices, shovel, blankets, jumper cables, and non-perishable food with high calories. It is also very helpful if you can keep charged batteries for smartphones in your vehicle. Make sure that you drive slowly during the trip to improve your safety. To avoid any accident, you also need to maintain plenty of space between your car and other vehicles. But, what if you get stuck in the snow? Well, the best thing you can do is stay in your car and make it your best shelter. You need to keep in mind to not leave your car unless you can find help within 100 yards. Having a GPS tracker installed in your car can also be very helpful.
GPS Tracker to Choose
One of the best things about buying a GPS tracker today is that there are product options without a monthly fee that you can choose. Unlike the ones with a monthly fee, the GPS tracker for car no monthly fee comes with more benefits to enjoy. This kind of GPS tracker will make it possible for you to only pay once for the tool itself. Additionally, there will be no extra cost afterward that you need to pay over the product you buy. So, are you ready to purchase your GPS tracker? Here is the list of the best personal GPS tracker no monthly fee that you can find in the market.
The first best GPS tracker in the list is goTenna Mesh. The device can be used not only for real-time tracking but also for communication. This goTenna Mesh will be a valuable assistant when you are in a remote area or having a long trip in winter. The device works with goTenna App. You will be able to share your GPS locations and send voice messages by using the application. So, you can get help soon once you are in trouble while on your winter trip.
Radacat Team Messenger C1
The device will make it possible for you to communicate with other users and get the accurate location of your beloved ones when cell services are not available. The Radacat Team Messenger C1 will provide you with a private network so that you can share your real-time location without a monthly fee. The “Shake to Talk” feature offered by the device will enable you to send voice messages. Interestingly, you can do it simply by shaking your smartphone!
GoFindMe GPS Tracker
Another best personal GPS tracker no monthly fee in the list is GoFindMe. The private network environment offered will make it possible for you to send messages WiFi network, trace your vehicle, and share your real-time locations with other device users. Additionally, there will be no SIM card needed to operate this GPS tracker. The other benefits offered by this device include the SOS button, geo-fence to set safe zones, battery life up to 48 hours, multiple offline map options, and more.
iTrail GPS Logger
This iTrail GPS Logger is a good alternative if you are looking for the best GPS tracker without a monthly fee. With a small size, you will find it easier to install the device in whatever part of your vehicle. Not only help you track the location of your vehicle, but the iTrail GPS Logger can also record data and tracking traces on Google Map and Google Earth.
If you are having a trip in the area without cellular network, this GPS tracker for car no monthly fee can be one of the perfect options to take. All you need to do to use the device is just download the Beartooth application. The tool will allow you to send PPT voice, messages, create groups, locate other users on the offline maps, and more.
Types of Drug Rehab Center and Treatment Programs
Drug rehabilitation is a broad issue because there are many forms of drug rehabilitation. Who qualifies for the supplement depends on the level of dependency, the type of drug addict and the state of their marriage. Some drug rehabilitation centers offer drugs that help alleviate withdrawal symptoms and how to root for supplements and intensive counseling. Many drug rehabilitation centers offer both indoor and outdoor treatment.
In general, each type of drug rehab begins with a medical language. This is to allow medical professionals to monitor patients during chemical detoxification. This is when the drug leaves the system chemically and the patient is no longer physically dependent on the drug. Under the supervision of a healthcare professional, patients’ side effects can be alleviated through medication, sleep, and proper nutrition. This is an intervention phase, and since there are no psychological factors, there is very little recovery from drug addiction.
Rehabilitation of this type provides full-time supervision in a controlled environment. Patients can live in community centers, psychiatric centers, or facilities connected to hospitals. California rehab helps plan housing and meals. This type of drug rehabilitation usually includes an intervention program. It may be less than 30 days, believing that the patient will continue in outpatient care.
Top rehab of this type relies on addicts who voluntarily participate in outpatient treatment. This means that the patient is attending a conference meeting, circle or counseling designed to give them a new mechanism to work and live independently, or to cope with stress so they will not return to medication. It features a 12-step program as if the one used by Alcoholics Anonymous and has a strong spiritual center. Rehabilitation of this type can be informal or during group therapy with a counselor who has undergone foreign drug addiction training.
Some drug rehabilitation centers are trying to address the root cause of recurrence and repeated additions.
- Alienation of friends and family
- Lack of a support system
- Almost no work skills
- Live in a completely united area with drug users
- Mental Illness
A holistic approach to drug rehabilitation
In this approach, there is a community center and an intermediary facility that gives you enough time to get practical advice, acquire work skills and break completely from the old knowledge that is still in the drug. They are often allowed to stay for 6-12 months. When they leave, they are confident that they can manage on their own without returning to medicine.
Both are many people looking for a suitable drug rehabilitation center and judged by their previous record or success rates before completing the study. Of course, these are good standards, but not just a single factor to consider, but there are many other important decisions, such as software quality. How to get sober? Always check the type of diagnosis and program they offer to patients before choosing a treatment center for close and dear people.
As a rule, it is observed that many patients are forced to enter a treatment facility rather than having a complete and clear explanation of this life-threatening illness and make the wrong choice in the treatment plan.
Ways to Pick the Best Bicycle for a Memorable Riding Experience
If you love riding bicycles then you should ensure that you are purchasing the best bicycle for better riding experience. Now, choosing a bicycle is not all about paying the highest price for it. You need to act smart in order to ensure that you are paying for that bike which is truly the best. Therefore, you have to understand how you can pick the best bicycle.
Most people who love bicycles and want to ensure that they purchase the bicycle which is best-suited for their riding do not know how to choose it. There are certain things that you have to make sure before you make the purchase of the bicycle. However, most people have no clue when it comes to contemplating those things. So, if you are looking to purchase a bicycle then here are some of the things that you should contemplate before making the purchase.
Why You Need the Bicycle?
The first and the foremost thing that you have to ask yourself before you go onto making the purchase of the bicycle is why you need it in the first place. There are multiple reasons why one should look to own a bicycle. Let’s have a look at some of those reasons:
- You could be inclined to participate in a bicycle race
- You could have an affinity towards riding bikes in the mountain trails
- You might want to become a mountain rider of bicycles
- You could also be an occasional bike rider
Therefore, before you go on to purchase the bike; make sure you understand why you need it in the very first place because all these things mentioned above will play a huge role in deciding which bike you should choose for your riding.
Which Brand You Should Choose?
When it comes to buying the best bikes for an awesome riding experience, you have to understand that you should choose a bike which is branded. If you buy a bike from a reputed brand then you can rely on the bike for the optimum level of performance. More often than not, if you don’t pay heed to the brand of the bike, you will find that your bike is not performing to its true potential at the time you need it. That is why branded bikes like the Scott Bikes are very much a wise choice because when you purchase such a bike, you will know that you have a bike in which you can rely on to perform fantastically even in adverse situations. Therefore, when it comes to choosing the right bike, going for a branded name is always a good choice.
Finally, if you purchase a bike like Scott Genius, you can surely rely on it for the best performance because of the brand reputation. You know that the manufacturer will prepare the bike in the best possible way because they don’t want their reputation to get hurt. That is why choosing a bike cycle from the best brand and knowing why you need the bicycle will help you to pick the best one.