Budget Special 2021 | Tax Benefits for Senior Citizens

Samriddhi Volume 09 Edition 01 by ABSLMF

The Impact of budget on retirement planning shapes financial decisions by introducing policies that support long-term wealth and secure retirement. This special edition of Samriddhi explores key aspects of the Union Budget focused on growth and investor-friendly reforms.

Government initiatives emphasize capital spending and employment, setting a foundation for economic growth. New policies like the vehicle scrappage scheme, asset monetization, and the launch of a development financial institution promote sustainable progress. Tax benefits for seniors and expanded deductions for affordable housing make tax planning simpler and more rewarding.

Investors can benefit by choosing from a variety of mutual funds, including ELSS for tax savings. Options such as flexi-cap, hybrid, and liquid funds allow flexibility based on risk and investment goals. Emphasizing regular investing methods like SIP helps smooth out market fluctuations and build wealth over time.

This guide also explains the differences between old and new tax slabs, helping individuals choose the most suitable tax structure. For retirement security, contributions to the NPS and PPF remain essential, alongside proper asset allocation and portfolio rebalancing strategies.

The edition highlights practical money management with the 50-30-20 budgeting rule—allocating 50% to essentials, 30% to desires, and 20% to savings or debt repayment. Whether you are preparing for retirement or improving your financial literacy, this resource offers clear insights to make smart investment choices.

Unlock your financial potential with a thorough understanding of the Impact of budget on retirement planning, tax planning, and diversified investment strategies designed for Indian investors.

Key Insights:
• Budget policies promote balanced growth while focusing on sustainable development post-pandemic.
• New tax exemptions and expanded affordable housing benefits reduce tax burdens.
• Alignment of ULIP taxation with mutual funds ensures fairness.
• Emphasis on disciplined investment through SIP, STP, and SWP helps manage market risks.
• Clear comparison between old and new tax slabs supports better tax decisions.
• Goal-based investing with diverse mutual funds encourages wealth building for the future.

Takeaways:
• Start early with tax-saving investments like ELSS to maximize benefits.
• Consistent SIP contributions help in steady wealth accumulation.
• Regular portfolio rebalancing maintains alignment with your financial objectives through proper asset allocation.
• Take advantage of senior citizen tax benefits and new home loan prepayment rules.
• Follow the 50-30-20 rule for practical budgeting and financial literacy.
• Stay informed about government-backed investor protections and insurance schemes.

Why Download This Edition eBook?
• Get expert insights on the Impact of the budget on retirement planning and personal finance.
• Learn proven strategies for wealth creation and enhancing financial literacy.
• Discover effective tax-saving investment options like ELSS and NPS.
• Compare tax slabs to choose the best approach for your situation.
• Explore diverse investment opportunities in mutual funds suited to various risk levels.
• Understand how systematic investing and goal-based plans like SIP can secure your financial future.

Download Budget Special 2021 | Tax Benefits for Senior Citizens | Samriddhi Volume 09 Edition 01 and take charge of your financial future!

Disclaimer:
The Tax calculation shown above is for illustration purpose and general information only. Amount(s) mentioned above may undergo a change if assumptions specified herein do not hold good. Investors are advised to read the scheme information document of the scheme carefully before investing and consult their Tax Consultant or Financial Advisor to determine tax benefits applicable to them.

An Investor education and Awareness initiative of Aditya Birla Sun Life Mutual Fund.
All investors have to go through a one-time KYC (Know Your Customer) process. Investors to invest only with SEBI registered Mutual Funds. For further information on KYC, list of SEBI registered Mutual Funds and redressal of complaints including details about SEBI SCORES portal, visit link : https://mutualfund.adityabirlacapital.com/Investor-Education/education/kyc-and-redressal for further details.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
म्यूचुअल फंड निवेश बाज़ार जोखिम के अधीन हैं, योजना संबंधी सभी दस्तावेज़ों को सावधानी से पढ़ें।