Budget 2018 has made some changes to Income tax for individual. There has been no changes in the income tax slab, however there have been some changes related to salaried/pensioner tax payers and senior citizens. We highlight the changes and give you the new tax calculator for FY 2018-19 [AY 2019-20]. Changes in Income Tax Rules: […] Continue reading →
We are releasing the eBook on Tax Planning which tells you how to save income tax for FY 2018-19 (AY 2019-20) for both Salaried and Professionals. This is a short 43 slide power point presentation (in pdf) which covers all the tax saving sections and investments applicable for tax payers. But before that lets look […] Continue reading →
We have compiled an Excel based Capital gains calculator for Property based on new 2001 series CII (Cost Inflation Index). It calculates both Long Term and Short Term capital gains and associated taxes. You need to feed your property sale & purchase date along with values. There is option to include cost of repairs/improvement that […] Continue reading →
Senior Citizens’ Savings Scheme (SCSS) is one of the best fixed deposit schemes for Retired Senior Citizens as its safe (backed by Government of India), has assured quarterly payments, gives tax benefit and easy to handle. This post provides details of rules and regulations for SCSS. Who can open SCSS? As the name states, anyone […] Continue reading →
We love to Save taxes and one of the ways to save on Long term Capital Gains Tax on Real Estate is to invest in Capital Gains Tax Saving Bonds from NHAI, REC, IRFC or PFC. Below are few rules to avail this tax exemption: 1. Only Long Term capital gains from Real Estate are […] Continue reading →
Everyone hates Taxes and go out in full force to save it – sometime legally and sometimes beyond the law. Fortunately there are still some incomes & investments which are tax free. Learn about them and use it to your advantage. Tax Free Incomes: 1. Agriculture Income India started as agrarian economy and to encourage […] Continue reading →
Can I claim Tax Benefit for both HRA & Home Loan? – A question which is often asked by many tax payers. This is mainly because many employers do not allow both tax benefits together in certain situations. Unfortunately this is NOT the right thing to do. Both HRA and Home Loan Interest tax sections […] Continue reading →
It’s time of the year when everyone including your employer is worried about your taxes. Most people would have received mail from their Accounts department about “submission of proofs for investments done to claim income tax exemption”. In case you have not, it might be on its way. This post helps you understand why salaried […] Continue reading →
Shriram Transport Finance Company Ltd, one of the largest asset financing non-banking finance companies for commercial vehicles has come out with public issue of non-convertible debentures (NCD) offering up to 9.70% interest rate. The issue opens on January 7, 2019 and closes on January 31, 2019. Shriram Transport Finance NCD – Significant Points: Offer Period: January […] Continue reading →