5 Facts About Tax Incentives On Investments
3. You may have across the term EEE (exempt, exempt, exempt) taxation . EEE taxation implies that the amount you have invested would be exempt from tax in the year in which you made the investment.
4. When you receive returns from your investments in the form of interest or dividend and it is taxed while your investment amount and its maturity amount are exempted, then your investment is a part of the ETE (Exempt, Tax, Exempt) regime. Tax-saving bank deposits and senior citizens savings schemes are few of the ETE investments.
5. You will not be provided any tax exemption for the amount you invest under the TEE (Tax, Exempt, Exempt) regime. Only when to hold your TEE investment for a specified period, the income you earn from your investment and its redemption would become tax-free. This is the case for your equity shares and equity MFs.
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