Tax Saving

Maxed out your 80C limit? Here’s how to cut your tax bill further using other legal deductions.

Last-minute tax saving for FY2023-24: Do’s and don’ts for tax planning in March

Last-minute tax-saving: Despite the increase in awareness around the importance of incorporating tax planning into the overall financial planning strategy and starting early, many tend to put off the process until the last minute.

Tax-saving tips for first-time employees | How to save Income-Tax | Money Mojo

Are you a first-time employee in India wondering how to save on taxes? As a salaried individual, it's crucial to be aware of the various tax-saving options available to you. Let’s have a look at some effective tax-saving tips for first-time employees in India, which can help reduce tax liabilities and optimize finances. From investments to allowances, we'll cover everything you need to know to make the most of your earnings and save on taxes.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Last-minute tax planning: 3 things to look at

At times, just top-ups in existing investments might suffice

Money Mojo | Five instruments to help you save Income Tax

Are you looking for ways to save the tax on your income? In this video, we tell you five tax-saving instruments, divided on the basis of the minimum investment tenure and the rate of returns so you can select as per your requirement and choice. Watch!

Last-minute tax saving tips: If you haven’t submitted supporting documents to your employer, there’s trouble

Claims for certain expenses must only be routed through your employer. Leave Travel Allowance is one such. You cannot claim it directly while filing your returns.

Seniors may earn risk-free income on investing up to Rs 1.1 crore. Here's how

While existing schemes like the Senior Citizen Savings Scheme and the Post Office Monthly Income Scheme received a facelift, the Mahila Samman Savings Certificate is a new entrant. There is also the Pradhan Mantri Vaya Vandana Yojana. All these offer assured returns.

HDFC Bank viral video: Four classic insurance traps you must avoid

HDFC Bank official's unruly behaviour during an internal meeting with his junior colleagues, as recorded in a viral video, is symptomatic of the larger insurance mis-selling issue, which is rampant across the insurance distribution space. Many individuals end up buying insurance-cum-investment policies they may not need, only to regret doing so later when they receive renewal notices for premium payment. Bank relationship managers and agents have many tricks up their sleeves to sell insurance policies that may not suit your profile, but vigilance on your part can ensure that you steer clear of mis-selling traps.

Top 5 tax saving investments for last minute tax planning

From tax-saving mutual funds to public provident fund to Sukanya Samriddhi Yojana, here are five investments that can help you save taxes.

Not just saving tax, these top ELSS schemes are also generating wealth

The 3-year lock-in helps fund managers to have a slightly larger portion of small and mid-cap stocks as it prevents a gush of outflows that can be seen in other diversified equity funds.

Two fixed income investments that outshine low interest options

In the current inflationary scenario, locking in rates for long term is not a wise scenario and the short term rates are not at all remunerative.

A step-by-step guide to opening an NPS account online

If you have completely exhausted the limit under section 80c, NPS can help you maximise your tax benefits. It provides an additional deduction of ₹50,000 under section 80CCD (1B).

Planning tax-saving investments ahead of March 31 deadline

The deadline for tax-saving investments for FY22 ends on March 31, which is just a couple of weeks away. Karunya Rao gets you some tips to keep in mind for last-minute investment planning to save tax.

These tax-saving mutual funds have given the best returns over three years

Equity-linked savings schemes (ELSS) come with a three-year lock-in and can help investors make their last-minute tax-savings before the financial year ends

Personal Finance | ELSS funds can enrich portfolio returns, save tax too 

The three-year lock-in period for investments in ELSS can spice up portfolio returns by virtue of lower redemptions, more leeway for fund managers and lower costs  

Union Budget 2022: Unify the old and new income tax regime, make tax forms simpler

A lot of expectations from the Budget 2022 is there, experts believe that it is good time to do the course corrections

These private banks offer up to 6.30% interest on tax-saving fixed deposits

Smaller private banks offer higher interest rates on tax-saving fixed deposits compared to the likes of HDFC Bank and ICICI Bank

These 5 banks offer up to 6.5% interest on tax-saving fixed deposits

Private and small finance banks top the FD interest rate charts on tax-saving deposits

DCB Bank and Yes Bank offer the best interest rates on tax-saving deposits

State Bank of India, Bank of Baroda offer 5.40% and 5.25%, respectively

Tax Planning: Eleventh-hour miracle to save your income tax

There are several notified charities and relief funds through which a deduction of 100 percent can be claimed.

Income tax planning: Last-minute tips to save tax from loans

Income tax planning: Do not worry if you skipped paying the interest in the last year due to any reason whatsoever including the distress of the ongoing pandemic, you can still claim this deduction.

Income tax planning: Last-minute tips to save tax using medical bills

Income Tax Saving: For the Medical insurance of parents of an individual, a deduction of Rs 25,000 can be claimed.