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.
Investing in NPS via credit card allows you to save tax without money in hand
You must ensure that you have enough credit limit available on your card for the amount you are investi...
Money & Relationships: Pros and cons of taking joint home loan with your spouse
Go through the benefits and drawbacks, as well as the precautions you need to take before applying fo...
Can you claim deduction under section 80C for PPF contribution made into your major son's account?
According to current income tax laws, investment under section 80C allows a deduction up to Rs 1.5 lakh in a financial year.
By investing Rs 3,000 a month can these mutual funds help me create Rs 1-2 crore in 19 years?
If you are open to looking at other products, allocate the amount needed for tax saving to the PPF and keep your mutual fund portfolio in open-ended schemes
Can I save tax if I invest sale proceeds from commercial property to buy residential home?
If sale proceeds are reinvested under Sec 54 in which capital gain from a previous property was rolled over, you can’t sell it for three years.
Tax deductions that can be availed for reconstructing a house
"Demolishing a house and building a new one on the same plot is considered the reconstruction of the house."
Tax optimiser: NPS and perks can help Sinha reduce his tax outgo by Rs 40,000
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
I want to invest Rs 50 lakh and earn monthly income of Rs 50,000. How should I do this?
"To earn a monthly, pre-tax income of Rs 50,000 from an investment of Rs 50 lakh, you need to earn a return of 12% per annum."
Tax saving options under section 80C: Features explained
You can save tax if you understand how these tax saving options work.
ITR filing: 5 things you should know about section 80DDB deductions
One can claim deductions either for himself or dependents which can be one’s spouse, parents, children or dependent siblings or members of HUFs.
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 disinvestment process.
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.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service