Home Loan Tax Benefits

Acquiring a home loan can assist you to save tax as per the provisions of the Income Tax Act 1961. With every passing year, the home loan tax benefit increases to provide the borrower with a relief. A home loan...more
Print This Post

Advantages & Disadvantages of GST in India

One of the most significant indirect tax transformations of the country was the Goods and Services Tax – GST. Even though it helps boost the economy, there are various advantages and disadvantages of GST. Let...more
Print This Post

What is ELSS and what does it do?

ELSS refers to Equity Linked Savings Scheme, a close-ended investment instruments with a lock-in period of 3 years. It is essentially a mutual fund instrument that is based on the performance in the equity mark...more
Print This Post

Income Tax Slabs and Rates for 2018-2019

  Decoding Income Tax Slabs Rahul recently got a great promotion with a sizeable raise. In his 4 years of being on the job, he didn’t have to worry about taxable income. He would diligently submit his invest...more
Print This Post

ELSS vs FD – Difference between ELSS and FD

ELSS vs FD - Difference between ELSS and FD ELSS FD Type of mutual fund where money goes into equity market Type of deposit where a specific amount is put into an account for a fixed tenure Varied returns Guara...more
Print This Post

Best Tax Saving Investment Options

Tax saving investments are crucial to one’s financial planning, because they not only help an investor to save tax but also meet different financial goals. The Income Tax 1961 offers several tax savings inves...more
Print This Post

How to save income tax

Beware the ides of March,” the soothsayer warned Julius Caesar before his gory assassination. This was what Viral Patel was thinking about when the month approached. Well, nothing so gory could have happened ...more
Print This Post

WHAT IS FORM 26AS AND ITS COMPONENTS

It is income tax filing season and Kunal needs to know what his income tax contribution, for the year, is. His friend suggests downloading Form 26AS from the Indian Income Tax website. Kunal is confused about h...more
Print This Post

WHAT IS FORM 16 FOR INCOME TAX

Sia was excited, it had been 6 months into her first job and she finally had a chance to make her own investments. She also knew that she had to keep her salary slips ready for filing her income tax return. One...more
Print This Post

WAYS TO SAVE TAX IF YOU ARE SELF-EMPLOYED

Manmeet Bajwa worked at a firm that demanded more hours than she was willing to devote. Tired of the monotony of her corporate life, Manmeet decided to be her own boss. Having saved enough money, and armed with...more
Print This Post

Know What Is TDS and When TDS Is Deducted

Kunal Mandke is a professional working with MDK Corp. The company has agreed to pay him ₹50,000/- in exchange for his services. MDK Corp deducts a tax of ₹5,000/- from his salary and Kunal receives a net pa...more
Print This Post

WHAT IS NPS – KNOW ABOUT NPS TAX BENEFITS

One of the most important life goals everyone has is the creation of wealth. This is only possible when one is young and employed. Post retirement, one has to typically live on the savings put away during the y...more
Print This Post

HOW TO SAVE TAX WITH HEALTH INSURANCE

The importance of buying health insurance cannot be understated. Your health insurance bails you out during medical emergencies. With a small annual premium, you end up saving lakhs of rupees that you would oth...more
Print This Post

Best Tax Saving Investments in India

Smita is an employee at a bank. She was looking into different avenues to save tax as the financial year came to a close. She meticulously analyzed the different tax saving instruments and found out some instru...more
Print This Post

How to save Income tax on Salary in India

How to save Income tax on Salary in India As tax season approaches, Kartik was looking at his tax burden and figuring out ways to save tax. He had exhausted the limit under Section 80C (investment in tax s...more
Print This Post

Long Term Capital Gain Tax on Shares

Abhay is a married man looking to build a corpus for his life goals, mainly his retirement and his children’s education. He wants to invest in the stock market, mainly because it gives excellent returns over ...more
Print This Post

TAX BENEFITS OF HEALTH INSURANCE POLICY

Aarti was looking at different ways to save tax as tax season approached. At a seminar that her company conducted, she learned that she could get a tax benefit for investing in a health insurance policy for her...more
Print This Post

Save tax and generate tax free income

Smita is an employee at a bank. She was looking into different avenues to save tax as the financial year came to a close. She meticulously analyzed the different tax saving instruments and found out some instru...more
Print This Post

TAX ON STOCK MARKET GAINS

Abhay is a married man looking to build a corpus for his life goals, mainly his retirement and his children’s education. He wants to invest in the stock market, mainly because it gives excellent returns over ...more
Print This Post

HOW TO SAVE TAX ON YOUR CHILD’S EDUCATION

Chetan has a two-year-old daughter and it’s his dream to provide her high-quality education right from preschool till post-graduation. Both he and his wife work and are actively looking ways to ensure that th...more
Print This Post

ELSS vs SIP

Vidhi was looking to make some investments in the stock market to diversify her portfolio and also save tax. Since she had no experience in picking the right stocks, she considered mutual funds, and had heard t...more
Print This Post

How to Save Capital Gain Tax in India

Rajiv sold off a significant portion of his equity shares to fund his son’s wedding. As tax returns season approaches, Rajiv is looking out for ways to reduce his long-term capital gains tax liability. He did...more
Print This Post

Building on trust and Respect

Indians today are full of hope for the future. That is the result of our electing a leader who is trusted, and in whom there is confidence that he will bring big changes. But the process of realising our hopes ...more
Print This Post

Keep Faith In Equities

Fabled British economist John Maynard Keynes had famously said once “When the facts change, I change my mind. What do you do, sir?” To paraphrase him a bit, we ought to be asking ourselves a similar questio...more
Print This Post

54EC Bonds: Use These Optimally

One of the ways of saving tax on long-term capital gains is by investing in the bonds issued by NHAI or REC. This deduction is under Sec. 54EC of the Income Tax Act. The maximum limit for such investment in any...more
Print This Post