KNOW ALL ABOUT : Save your Tax outgo
You could reduce the tax payable on your total income simply by doing tax planning in advance. In fact, tax saved equals income earned because your post-tax income increases if you make tax-saving investments and claim the tax deductions you are eligible for. Tax saving investment is an essential part of tax planning which is something every tax payer should do. So here is all the information and analysis you need in order to choose the tax saving investment that suits you.
Hot tips that will lead to cool savings on tax
An individual taxable at 30% can save Rs 45,000 if he claims Rs 1.5 lakh as deduction under section 80C.
Budget 2019: Individuals investing in PSU-focused ETF mutual fund to get ELSS type tax benefit
Tax benefit likely to act as a good push for retail investors to be part of the disinv...
Budget 2019 proposes CPSE ETFs on lines of ELSS; mutual fund advisors call for caution
The government is setting a target of Rs 1,05,000 crore of disinvestment receipts for the financial year 2019-20.
Budget 2019 may bring pro-poor tax sops, tightening of tax administration: Sonu Iyer, EY India
To boost investment, it is expected that the deduction limit may be increased from Rs 1.5 lakh to Rs 2 lakh.
Budget 2019: Hopes of tax exemption limit hike
Here are some expectations of the common man that the government could consider in the upcoming budget.
Tax optimiser: How Shah can cut tax by Rs 42,000 via tax-free perks, NPS
Anju Shah could save over Rs 42,000 in tax if she opts for tax-free allowance and the NPS benefit offered by her company. Here's how.
How to make full use of section 80D to save tax on health insurance?
You can only claim deduction under section 80D on health insurance bought for your parents and not for your parents-in-law.
Can spouses split health insurance premium to claim tax benefit under section 80D?
Will the insurer issue two separate tax certificates to the spouses for paying the premium in parts for one health policy? Here's what tax and insurance experts have to say.
How to open a PPF account for your minor child
An individual with a PPF account of his own and as a guardian of his child can avail a maximum deduction of Rs 1.5 lakh taking both the accounts together.
Tax queries: Sections 54, 54F deductions available only for LTCG
Dilip Lakhani Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
My wife and I are senior citizens. Can I claim tax sops for medical treatment under Section 80DDB?
The deduction under section 80DDB can be claimed only by the taxpayer who is a resident of India during the relevant previous year.
I will receive a lump sum of Rs 15 lakh. Where should I invest it to save income tax?
Investment in ELSS qualifies for deduction under Section 80C. The lock-in period of these funds is three years. They have also outperformed comparable products by a wide margin.
Not happy with your health insurance policy? Here's what you can do about it
One of two policyholders is not happy with his health plan. High renewal premiums and partial claim settlements are major worries. Here’s what you can do about it.
Why you should link investments to financial goals
Your investment portfolio must have exposure to growth-oriented and income-generating assets depending upon your current needs at any given point in time.
Can tax saving mutual funds help you to achieve your long-term financial goals?
Most mutual fund advisors ask their clients to link their investments in tax-saving mutual funds or ELSS funds to a long-term financial goal.
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