1. Advisorkhoj
  2. Post Your Queries
  3. Mutual Fund
  4. Will there be any tax deduction on Rs 1000 monthly SIP

Will there be any tax deduction on Rs. 1000 monthly SIP

If I do monthly SIP of Rs. 1000 for 30 years, will there be any tax deduction on each monthly instalment of Rs. 1000. Please advise?

Dec 6, 2016 by Subhash,   |   Mutual Fund

Please note that no tax is deducted on your monthly SIP instalment of Rs. 1000 irrespective of number of years of your investment.

Please go ahead with your SIP investment without worrying about tax deductions.

Thanks for writing to Advisorkhoj.

comments powered by Disqus
You haven't found the answer for your queries? Do post your queries to us.

© 2016 Advisorkhoj - A Gamechanger Business Services (I) Pvt. Ltd. Brand - All Rights Reserved