The budget has proposed an alternate income tax structure. Find out whether you will benefit or not.
Anyone claiming tax exemptions of more than Rs 2.5 lakh in a year will not gain from the new structure.
Salaried taxpayers who opt for the new regime will have to forgo the standard deduction as well as exemptions under chapter VI-A, including HRA, investments under 80C, medical insurance premium, even LTA.
ET assessed 10 tax-saving instruments on 8 parameters. Find out how the different options scored this year.
Weakness in economy caught most companies off guard, it is feared that expected earnings recovery may get postponed. However, the stock market may still remain firm and hopeful. Some experts believe that the economic situation will improve in 2020.
Many individuals may have lost track of investments done in the past and won’t even know if they still exist.
ET Wealth reached out to financial services cos and taxpayers on what they want to see in this budget.
Parents can transform the lives of their children if they give them the right financial advice in their formative years itself. They must also lead by example. They can’t be splurging themselves and expecting their kids to be prudent with money.
Is your child managing money right? Are his/her money skills on the right track or is there something you could do to check them if they are not? Find out how your child scores on these nine aspects of personal finance.
On the face of it, a nest egg of Rs 1 crore appears big enough to sustain a retiree’s expenses for life.
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