Also, by strictly following Internal Revenue Service guidelines, a business owner may deduct part of their home expenses with the home office deduction. The portion of utilities and Internet used in the business may also be deducted from income. When an investor in mutual funds and individual financial assets owns them for longer than one year and then sells for a profit, that investor pays a lower capital gains rate on the money earned than if he or she had sold after holding the assets less than a year short-term capital gains. These include white papers, government data, original reporting, and interviews with industry experts. Since the income for such individuals is exempted till Rs 3 lakh, even the interest earned from investment in taxable products does not translate into tax liability for them. However, for long-term goals and especially when the inflation-adjusted target amount is high, it is better to take equity exposure, preferably through equity mutual funds, including ELS