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  • Category: Tax Saving Investments

    Save more tax by investing in Rajiv Gandhi Equity Saving Scheme

    Rajiv Gnadhi Equity Saving Svheme( RGESS) has lunched for retail Investor of India.
    Why you should invest in this RGESS ?
    many people in India generally invest in bonds, Insurance for getting tax benefit but here is the opportunity for every Tax payer to get additional benefit of TAx saving.

    Who ever will invest in RGESS will get additional tax benefit beyond Rs 1 lakh which was getting previously.

    As this is an equity market investment if you stay for longer period you can earn handsome return than any other investment.

    The maximum amount can be invested in this scheme is Rs 50,000 and you will getting tax benefit of 50% from your invested amount.

    Now save more tax by investing in stock market..
  • #1689
    You are right, most of the Indians invest in risk free bonds and mutual funds. There is a less involvement in equity market as it is risky. So, to make Indian investors(especially small investors)enter equity market, our Govt has introduced this RGESS as a tax free way for investing.

  • #1692
    But in RGESS ( Rajiv Gandhi Equity Saving Scheme ) there must have relaxation in two points.One is Tax benefit must have 100%.
    Another condition is those investor can invest in this scheme who has not invest in share market in past. This scheme is available only for new investor related with share market. This scheme must available for all investor.

  • #1697
    This scheme is implemented by govt just to attract new investors to Indian stock markets but not to save our money. So, after an investment the investor gets attracted to share market and become a regular investor. This is the main off screen goal of govt. We can never expect such tax deductions. Also it's our duty to pay tax on our income.


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