TAX SAVING FD
Have I chosen the right tax-saving mutual fund schemes?
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How can I avail tax break on interest income earned on RD, monthly income schemes and NSC?
Under Section 80TTA, you can claim a deduction of ...
Where should I invest Rs 30 lakh to generate monthly income of Rs 20,000?
You should split the Rs 30 lakh between a mix of government-backed ...
Income Tax task force report suggests complete rejig of tax slabs, saving govt Rs 55,000 crore
The current Income Tax rates are 5 per cent plus 4 per cent cess for people earning between Rs 2.5 lakh and Rs 5 lakh, 20 per cent plus 4 per cent cess for incomes of more than Rs 5 lakh up to Rs 10 lakh, and 30 per cent plus 4 per cent cess for those earning over Rs 10 lakh.
How should a senior citizen invest amount received on FD maturity to get monthly income?
You can equally divide the amount in corporate bond and floating rate funds. For monthly income, consider debt funds that are yielding 6-7% annually. You can opt for a monthly SWP option, which can be up to .50 percent of your corpus.
India to consider shifting dividend tax to investors from firms
The budget statement due Feb may include a proposal to tax dividends once they are paid to shareholders.
Tax optimiser: NPS, LTA claim can help salaried Gupta cut tax by Rs 4 lakh
Not only should you ask your employer for the NPS benefit, but you should also invest in the scheme on your own. You can reduce your tax outgo significantly. Hence in this way, you can optimise your tax by rejigging your income and investments.
Women are 'recklessly cautious' with savings, prefer to park money in FD, PPF: Survey
The survey said nearly 44 per cent of the women said easy access to their money is important to them when they save or invest their hard earned money.
Can laid off employees save tax on their severance pay?
According to the provisions of Rule 21A(1)(c), an individual will be eligible to claim relief under Section 89 in respect of compensation received by him in connection with the termination of his employment.
How should I invest my monthly surplus savings?
You can put some amount in Fixed Deposits and some amount in equity as well as in debt-oriented mutual funds. Buy an individual health cover with a sum assured of at least Rs 5 lakh.
You can save tax on up to Rs 17,000 savings account interest: Here's how
Post office savings interest up to Rs 3,500 is exempt for single a/cs and up to Rs 7,000 for joint a/cs.
Here's how ELSS can be used for creating Wealth while Saving Tax
Can ELSS be really used for creating wealth? Every investor needs to have a defined financial goal before diversifying his or her investment portfolio. That’...
India starting faceless tax assessment regime to forestall discretion in tax collection: PM Narendra Modi
PM Modi specifically mentioned about how rolling out of the Goods and Services Tax has resulted in the economic integration in the country, adding his govt was working towards making it more people-friendly. The PM was speaking to a select group of top business leaders at an event to mark golden jubilee of the Aditya Birla Group's operations in Thailand.
Midcaps will outperform largecaps over 2-3 years: Kashyap Pujara, Axis Capital
It is going to be a U-shaped recovery for the midcaps, said Kashyap Pujara.
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