We are releasing the eBook on Tax Planning which tells you how to save income tax for FY 2017-18 (AY 2018-19) 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 →
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 →
The government wants NPS (National Pension Scheme) to be the preferred investment vehicle for pension planning for majority of its citizens. Unfortunately as it happens with most of Government plans, NPS too has flaws which are holding investors back. To encourage investment in NPS, PFRDA (Pension Fund Regulatory and Development Authority) which regulates it have made […] Continue reading →
Taxation plays a very important role in the returns generated by your investment and so you should know how the investment is taxed before you choose one. We list down the most common investments and how they are taxed? Fixed Income/Debt Investments: 1. Saving Bank Account: Interest earned in Saving bank account up to Rs […] Continue reading →
Form 15G and Form 15H are self-declaration forms which can be submitted to banks and other institutions to avoid Tax deduction at source (TDS) by banks on fixed and recurring deposit. The good news is now most big banks like SBI, ICICI, HDFC, Axis bank etc allow depositors to submit Form 15G or Form 15H […] Continue reading →
Its April and most of the recruits from the campus would be joining their first job. Its a moment to rejoice and for many a first time experience of earning money. But Net-worth of a person is not by what he earns but by what he saves and invests. Work for money but also learn how to […] Continue reading →
There are multiple ways to buy or invest in gold but Sovereign Gold Bonds is the best way. This is because it’s safe, secure, easy to manage, no need to check for impurity and above all you are paid 2.5% interest! These Sovereign Gold Bonds are open for subscription from time to time and people […] Continue reading →
Government of India has launched the Series I for FY 2018-19 of Sovereign Gold Bonds from April 16 to 20, 2018. These bonds are investment scheme where investors could buy gold in the form of Gold Bonds from Government of India. Highlights Sovereign Gold Bond Eligibility: Resident Individuals, HUFs, trusts, universities, charitable institutions, etc Application Date: April 16 […] Continue reading →
Last month late tax savers might have rushed to invest in anything that helps you lessen tax liability. But as always you should be careful in choosing what you invest in as this can not only be a dud investment but also increase your tax liability in future. Not many would be aware but there […] Continue reading →
SIP or Systematic Invest Plan in Mutual Funds have become quite popular among investors. However, most people are not clear about how their SIP would be taxed on redemption. To answer the taxation aspect, we need to understand what SIP is? SIP is buying of mutual funds every month (or daily) with a fixed amount. […] Continue reading →
Retirement planning is one of the most important financial goals in life of a person. Most of us have heard about Employee Provident Fund (EPF) and (Public Provident Fund) PPF for building retirement corpus but do you know how can you leverage Voluntary Provident Fund (VPF) to add zing to your corpus? What is Voluntary […] Continue reading →