Tue, Jan 16, 2024
To save tax for the Financial Year 2023-24, there are some tax deductions that you can claim for tax exemption on investments, earnings and other types of payments. With investment in these schemes, or if you are already availing some of these options, your income tax can be reduced to zero.
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Thu, Jan 11, 2024
National Pension System (NPS) is a popular tool for investors seeking a sizeable retirement corpus and a pension after that. While it gives you financial freedom to live your post-retirement life freely, it also works as an effective tool to save income tax. On an NPS investment, you can claim a tax exemption under Section 80CCD of the Income Tax Act. It has two sub-sections: 80CCD(1) and 80CCD(2). Apart from this, there is another sub-section of 80CCD(1), 80CCD(1B), which apply to the tax benefits under NPS.
Wed, Jan 10, 2024
Investment schemes such as Public Provident Fund (PPF), Fixed Deposit (FD), Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme (SCSS), and National Savings Certificate (NSC) not only provide fixed income and guaranteed returns but also give tax benefits up to Rs 1.50 lakh under Section 80C of the Income Tax Act. Know more about such tax saving schemes.
Sun, Jan 07, 2024
The most popular way to save income tax is 80C, but most of the savings schemes come under its purview and exemption is available only up to Rs 1.5 lakh. But, there are many other investment options which may give you a complete tax relief. In this write-up, we will give some such tax saving tips.
Income Tax 2023-2024: People filing income tax returns seek every possible option that can help them save their hard-earned money. There are many tax saving tactics, including your salary allowances that can help you save your tax. In today's write-up, we will tell you one such tax saving option that can help you save tax considerably.
Fri, Sep 22, 2023
You can save maximum tax by investing in different savings instruments which are eligible for deductions under Sections 80C and 80D of the Income Tax Act, 1961.
Fri, Jul 28, 2023
Income Tax Return Filing Deadline: Beyond the conventional tax saving measures that salaried taxpayers use to the hilt, like the regular 80C and 80D, here are three other powerful tax-saving clauses that could yield sufficient tax savings.
Thu, Mar 16, 2023
Tax Harvesting: In 2018, the late Finance Minister Arun Jaitley reintroduced long-term capital gains
Fri, Jan 20, 2023
Budget 2023: Apart from this, there are several other sections available to claim deductions ranging from interest on loans (home and education) to premium on health insurance.
Mon, Feb 28, 2022
In this episode of Money Guru, know how to make money in the ups and downs of the market?
Tue, Feb 08, 2022
Ran out of ideas to save income tax on your salary? Here are 7 ways you can get the best returns and save your hard-earned money.
Mon, May 24, 2021
The facilities and perks given to women as compared to men by central and state governments are of course evident. In this regard, not many are aware that your wife can prove to be of great help in saving income tax. The Union Government has made a special rule for women, under which husbands can take double benefit of exemption in tax.
Fri, May 19, 2017
The contribution of the country's smaller towns-- beyond-15 cities (B15) in industry parlance -- to mutual funds' (MFs) asset base surged 41% to Rs 3.09 lakh crore by March-end.
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