Tax Benefits

Your home loan doesn’t just get you a house—it also comes with some handy tax breaks.

Unlocking tax benefits with your home loan: A guide to smarter savings

From principal repayments to interest deductions, your home loan can unlock several benefits under India’s income tax laws.

Tax benefits on personal loans: How to save money legally

Personal loans, though not directly eligible for tax deductions, can offer significant tax benefits depending on their purpose. Proper documentation and consulting a tax advisor are key to claiming these benefits effectively.

Maximize your retirement income: How NPS and EPF together offer tax benefits and regular pension

When planning for retirement, you may want to consider combining the National Pension System (NPS) and the Employees' Provident Fund (EPF). Together, these schemes can act like a Unified Pension Scheme, providing regular income post-retirement. While the EPF offers a stable and fixed rate of return, NPS adds the potential for higher returns. When combined, they allow you to balance risk and reward, providing you with a well-rounded strategy for retirement.

ELSS mutual funds: How to invest & what are its tax benefits? | Mutual funds simplified

In the dynamic landscape of personal finance, tax-saving investments hold paramount importance in securing a stable financial future and maximizing wealth. Among the various options available, equity-linked savings scheme (ELSS) funds have emerged as a popular choice for Indian investors. ELSS funds not only offer the potential for good returns but also provide tax benefits under Section 80C of the Income Tax Act. This comprehensive guide aims to unlock the world of ELSS funds and shed light on their unique features and benefits, empowering Indian investors to make informed decisions and save tax while building wealth.

Maximize Tax Savings in 2023-24: Pro Tips for Lowering Taxes

Find out about home loan tax benefits in 2023-24. Discover Section 80C, Section 24b, Section 80EE, and Section 80EEA deductions. Maximize your tax savings with expert guidance.

Live: Debt Mutual Funds Lose LTCG Taxation Benefit; Decoding The Impact | Finance Bill 2023

In a major blow, a proposal to remove long-term tax benefits on debt mutual fund investments was passed in the Parliament as part of amendments to the Finance Bill. This applies to the investments made on or after April 1, 2023. The indexation advantage of debt MFs will be lost. Investments in bonds, gold, and international funds have an indexation advantage. Gains on debt funds, gold funds, and international funds held for more than 3 years are currently taxed at 20% with indexation. Watch Latha Venkatesh and Nandita Khemka discuss the Debt MF Amendment Proposal and its implications.

MY BUDGET | Tax exemptions, ease of FDI, lesser regulatory burden: What startups want

Strap: Budget expectations: Find out what young startups want from Finance Minister Nirmala Sitharaman at the budget next week.

Simply Save | ITR filing - Know all the tax benefits linked to home loans and HRA

Despite being commonly-claimed tax benefits, many tax-payers are not fully aware of tax rules related to home loans and house rent allowance (HRA) that can result in under-utilisation of tax breaks offered. Tune into Simply Save to know all about tax benefits and rules related to housing and accommodation before you file your returns.

If you're planning to buy life insurance, should you opt for single premium cover?

Single premium policies offer lower premium rates compared to regular payment policies and also provide higher death benefits. However, tax benefit on these plans will be applicable only for the year in which you make the one-time payment.

Thinking of taking a home loan? Here is how to go about it

Banks have their reservations as well. With housing prices going up constantly and banks having a good deal of NPAs, lenders also evaluate the property and the borrower‘s profile before handing out loans.

Enhanced tax breaks make NPS more attractive for subscribers

Extant tax benefit has been extended with the tax free relief available if a person withdraws an amount before the end or closure of their account if this is not more than 25 percent of the amount that has been contributed by the individual to the account.

How to make your salary income more tax efficient?

Use of right tax exemptions ensures more money in hand and less income tax.

Common medical insurance mistakes & steps to correct them

While many informed individuals go for health insurance, they are exposed to the risks associated with errors while picking the health insurance.

Tax benefits add a silver lining on insurance policies

If you invest in a life insurance you can avail of two kinds of tax benefits. One is by way of availing a deduction from your taxable income and the other through gaining exemption from your total income.

Affordable housing emerges as a major beneficiary of Budget 2017

Granting industry status to affordable housing will help developers in accessing funds.

Five unusual ways to save income tax

After completing your investments under section 80C of IT Act, here is how you can save tax.

Infrastructure status to give a big boost to affordable housing

With the real estate sector hoping for a push from the Union Budget 2017-18, the announcement of ‘infrastructure status‘ to the affordable housing sector, can serve as a significant step in achieving the government‘s &#82

Budget 2017: Tax consolidation regime for ‘ease of doing business in India‘

Owing to the regulatory / business requirements, an infrastructure company can no longer operate through single entity.

Budget 2017: Enhanced tax sops are a must to increase insurance penetration

Annuity received from pension plans sold by life insurance companies should be made tax free.

Budget 2017: Should align tax treatment of MF retirement plans with NPS

We look forward to few changes in terms of (a) increase in tax exemption limit under Section 80C for ELSS Schemes (b) additional limit under Section 80CCD for investment in mutual fund linked retirement benefit/pension schemes.

Budget 2017: Incentivise health insurance purchase with better tax benefits

Ensure healthcare security of the nation by incentivizing purchase of health insurance

Planning to buy a home? Here‘s what to expect from Budget 2017

Union Budget 2017 should offer additional tax benefits to home buyers.