Bajaj Markets, a leading digital financial marketplace, provides access to a variety of tax-saving investment. The new financial year (FY) 2024-25 presents an opportunity to optimize taxes and achieve long-term financial goals.<\/p>\n
Tax saving opportunities available on Bajaj Markets<\/strong><\/p>\n Tax Saving Opportunities<\/strong><\/p>\n The following financial instruments are available on the digital marketplace. Individuals may choose to invest in these to maximize their tax-savings.<\/p>\n Tax Saver Fixed Deposits (FDs)<\/strong><\/p>\n Bajaj Markets has partnered with reputable banks to offer tax-saving FDs.<\/p>\n These FDs allow deductions of up to Rs. 1.5 lakhs under Section 80C of the Income Tax Act, 1961.<\/p>\n These FDs have a locking of 5 years.<\/p>\n Competitive interest rates ensure good returns alongside tax benefits.<\/p>\n Equity Linked Saving Schemes (ELSS)<\/strong><\/p>\n Invest in a diversified portfolio of stocks through ELSS mutual funds.<\/p>\n ELSS offers deduction under Section 80C (up to Rs. 1.5 lakhs).<\/p>\n ELSS has locking of only 3 years.<\/p>\n Potential for high long-term capital appreciation.<\/p>\n National Pension Scheme (NPS)<\/strong><\/p>\n Contribute towards retirement while saving on taxes.<\/p>\n Get tax deductions of up to 10% of salary (Section 80CCD) if opted for Corporate NPS Account and Rs. 50,000 (Section 80 CCD(1B)) if opted for Individual NPS Account.<\/p>\n NPS offers a disciplined approach to retirement planning.<\/p>\n Home Loan<\/strong><\/p>\n Interest paid on home loans can be claimed as a deduction under Section 24 (up to Rs. 2 lakhs) and Section 80C (principal repayment).<\/p>\n Individuals can consider refinancing their existing home loan for potentially better interest rates and tax benefits.<\/p>\n Explore a variety of investment options offered by different financial institutions on Bajaj Markets and their tax benefits. Individuals can make informed financial decisions and reach their financial goals.<\/p>\n About Bajaj Finserv Direct<\/strong>Limited<\/strong><\/p>\n Bajaj Finserv Direct Limited, a subsidiary of Bajaj Finserv, is one of the fastest-growing fintech companies in India. It has two primary arms, Bajaj Markets, a financial marketplace, and Bajaj Technology Services, a techfin service provider.<\/p>\n Bajaj Markets is a marketplace that offers multiple financial products across all categories – Loans, Cards, Investments, and Payments. Bajaj Markets has partnered with trusted financial brands to offer “India ka Financial Supermarket”. A one-stop destination where its customers can explore a host of products that can help them achieve their financial life goals.<\/p>\n Having started its journey as a fintech, Bajaj Finserv Direct has also built a very strong business as a techfin. Through Bajaj Technology Services, it offers a wide gamut of digital technology services which span Custom Applications, Enterprise Applications, Data & Analytics, Gen AI, Cloud Services and Digital Agency.<\/p>\n \u00e2\u0080\u00af<\/p>\n Visit the Bajaj Markets website<\/a> or download the Bajaj Markets’ app<\/a> from the Play Store or App Store to experience “India ka Financial Supermarket”.<\/p>\n Featured Article<\/p>\n","protected":false},"excerpt":{"rendered":" Bajaj Markets, a leading digital financial marketplace, provides access to a variety of tax-saving investment. The new financial year (FY) 2024-25 presents an opportunity to optimize taxes and achieve long-term financial goals. Tax saving opportunities available on Bajaj Markets Tax Saving Opportunities The following financial instruments are available on the digital marketplace. Individuals may choose …<\/p>\n","protected":false},"author":1,"featured_media":4583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[96],"class_list":["post-4582","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business-english-news","tag-bajaj-markets"],"yoast_head":"\n