Employees will have to choose a regime in April for making investment declarations, but can change the choice while filing tax returns.
NPS for the government sector was increased from 12 percent to 14 percent last year - a similar increase is expected for the private sector as well.
The cut in personal income tax is quite likely as the government may want to increase purchasing power of and consumption by individuals, to boost demand in the economy
Personal finance expert, Amol Joshi, Founder of PlanRupee Investment Services, will help you find out how tax efficient is it to invest in insurance products.
As compared to other havens available under Section 80C of the Income Tax Act, ELSS has the shortest lock-in period
The final date of making investments is about to come, are you done with all your investments? If you still haven't invested your money in tax saving instruments and reduced your tax liability then also, you need not have to worry about it. Section 80C of Income Tax Act provides you with the benefit of doing tax savings of Rs 1.5 lakh in a particular financial year. Here are nine tax savings solutions.
Unit Linked Insurance Plans offered by insurance companies are a popular investment option.
As the new financial year unfolds it would soon be time for taxpayers to file their returns. If you are one of the nearly 4 crore taxpayers, you must ensure that you file your returns within the stipulated due date.
Taking advantage of tax deductions for investment under section 80C of the Income Tax Act must start with a list of investments already made to avoid unnecessary overinvesting for tax deduction.
A woman's financial plan must be aimed at creating long-term financial stability. Their emotional needs must be factored into the financial plan.
Income tax authorities have specified deadlines for many actions. If you follow the rules, you stand to gain in terms of saving on income tax and peace of mind.
Financial planners and experts seem to be in agreement that Equity Linked Savings Schemes (ELSS) is the best investment avenue under Section 80C of the Income Tax Act since it outscores other options in terms of liquidity and returns.
Investing in tax saving ELSS mutual funds would help you to save tax u/s 80C as well as giving superior returns.
The life insurance penetration is still tumbling in India, which currently is at 2.72% for the year 2015 dipping from 3.4% in the year 2011.
Insurance penetration, which refers to insurance premiums as a percentage of gross domestic product (GDP), stands at 3.4 percent in India according to the Swiss Re sigma report
Annuity received out of maturity of pension fund under the pension or annuity policy should be exempt from tax under Section 10(10A). Annuity purchased after maturity of pension policies of life insurance companies should be exempt from service tax.
Finance Minister Arun Jaitley might announce some major changes in the tax landscape. Here, we explain a few taxation terms that might crop up and what is likely to change relating to them.
While there is one EMI payable to repay home loan, one must take into account the principal and the interest to enjoy tax benefits.
As budget 2017 closes in, the real estate market is ready with its list of demands from the finance minister. Of these, some demands have a good chance of being addressed in the upcoming R
So net net imposing taxes on capital gains from equity investing is taxation at multiple levels for investors; on tax paid profit generation which is what drives the markets.
Here is a wishlist of the common man from Union budget 2017
Union Budget 2017 should offer additional tax benefits to home buyers.
With the social fabric of the country undergoing changes, it is imperative to encourage the lower/ middle income segments to provide for their own security.
We hope that prudence and not populist measures will guide the Finance Minister.