With the March 31 deadline approaching fast, it's time to take the final decision on where and how much to invest to maximise returns along with saving taxes.
There are some tax tasks which need to be finished by every taxpayer within their respective deadlines. That is because not finishing these tasks on time can prove costly for them.
Considering we are only left with a few days to go for the tax season to come to an end, here is a list of mistakes one must avoid to ensure effective tax planning.
As the contributions made to NPS invested in company stocks, government bonds and money market instruments, the value of retirement corpus would depend on the returns that the investments generate ove
Investors who have a relatively low-risk appetite may not want to expose their savings to volatility. Let’s look at some investment options that are low risk and fetch assured return.
As we approach the end of the financial year, there are a few things we need to strike off our checklist. An important one, which most of us often overlook, is the Advance Tax payment which is due on
ULIP is a perfect combination of best returns, guaranteed protection, and maximum tax savings. One of its unique attributes is that it gives the investors the prerogative of investing the premium in a
Considering there are only a few days to go by before the tax season comes to an end, taxpayers will have to handpick some quick and smart options to reduce their tax outgo.
The amount invested under section 80C qualifies for a deduction i.e. the gross total income of the taxpayer gets reduced by an equal amount and thus results in tax saving.
While Medical Reimbursement on any disease was tax free up to Rs 15,000 u/s 17(2) of the Income Tax Act till last year, Medical Allowance was fully taxable.
Amongst the various tax-saving options like PPF and Ulip, Equity Linked Savings Scheme (ELSS) has gained popularity over the years owing to a range of benefits that it offers over other alternatives.
In case you haven’t completed tax saving for this FY and still searching for the tax-saving investments, have a close look at your existing commitments and certain specified expenses made during the
Some deductions available under the Income-Tax Act which are little known. Instead of blindly rushing into new investments, it may be a good idea to be aware of some of them.
The Income Tax Department will "only" issue refunds via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with their accounts, the taxman said in its latest publ
Recently, the action of the tax authorities was challenged in a writ petition before the Calcutta High Court in the case of Shrivardhan Mohta Vs Union of India.
