Budget 2019 has made some changes to Income tax for individual – the highlight being full tax rebate for individuals earning below Rs 5 Lakhs. There has been no changes in the income tax slab. We highlight the changes and give you the new tax calculator for FY 2019-20 [AY 2020-21]. Changes in Income Tax Rules: […] Continue reading →
How to Save Income Tax – a question that is often asked by my friends, family and blog readers. The problem is there are multiple sections for people to know and if they have heard about it to check if its applicable to their case or not? To help both salaried and professionals to plan their tax, we have come up with the eBook “How to Save Tax for FY 2019-20”. This is a short 41 slide power point presentation (in pdf) which covers all the tax saving sections and investments applicable for tax payers. Continue reading →
Salaried class have always complained of raw deal year after year in income tax laws. But the good news is you can still manage to pay Zero (NIL) income tax on salary of up to Rs 20 lakhs (Salary here means cost to company). All you need to have is right salary structure and invest […] Continue reading →
‘AA+’ Rated NCD from Shriram Transport Finance offering coupon rate of up to 9.7% is open for subscription. If you plan to invest in this issue, do it early as most good NCD issues are over-subscribed before the end date. Continue reading →
A few days back (on April 16, 2018) Income Tax Department issued cautionary advisory to Salaried Taxpayers about under-reporting of income and inflating deductions/exemptions while paying taxes. This was prompted by some of the recent cases of salaried caught by income tax officials. You can read the advisory below: Also Read: Everything you need to […] Continue reading →
The income tax return (ITR) forms for AY 2019-20 (FY 2018-19) were notified on April 9, 2019 by CBDT . In this post we tell you which is the right ITR Form for you for AY 2019-20 (FY 2018-19). The choice of ITR Form mainly depends on the source and amount of income. Continue reading →
Sovereign Gold Bonds Series II (FY 2019-20) is available for subscription from July 8 to 12, 2019. The price per bond is Rs 3,443 (3,393 if bought through digital mode). You can invest if you anyway wanted to invest in Gold for 6-8 years. Continue reading →
Budget 2019 among many things also notified following 3 changes in NPS – which would make it more attractive to investors. NPS withdrawal becomes Tax free
NPS Tier II now under 80C (only for Central Govt employees)
Contribution increased in NPS to 14% for Government Employees Continue reading →
Section 80EEA would give additional tax exemption of 1.5 lakh on home loan taken for purchase of affordable house 🏠🏡🏘️🏚️🏢. This together with Rs 2 lakh exemption u/s24 would take home loan interest exemption to Rs 3.5 lakh Continue reading →
NRE (Non-Resident External) Fixed Deposits are one of the best investments for NRIs/PIOs/OCIs because of two reasons: The interest rate is on the higher side as compared to their country of residence and the interest earned on NRE FD is tax free in India This post compares the best interest rates on NRE FDs. Best […] Continue reading →