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Budget

Income Tax Calculator for FY 2018-19 [AY 2019-20] – Excel Download

Download Income Tax Calculator for FY 2018-19 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 →

How to Save Income Tax for Salaried and Professionals for FY 2018-19?

How to Save Income Tax for Salaried and Professionals for FY 2018-19 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: How Standard Deduction would lower tax outgo for Salaried and Pensioners?

Standard Deduction for Salaried and Pensioners Budget 2018 though did not change the broad tax slabs but made some changes in the tax exemptions. One of them was reintroduction of Standard Deduction for salaried and pensioners. From FY 2018-19 (AY 2019-20) all salaried and pensioners would be eligible for standard deduction of Rs 40,000. However, as they say devil lies in […] Continue reading →

Section 80TTB: Senior Citizens can Save Tax on their Interest Income

Section 80TTB - Tax Exemption for Senior Citizens on Interest Income Budget 2018 along with many changes to tax laws also introduced a new Section 80TTB. According to this Senior citizen can claim tax exemption up to Rs 50,000 on interest income from bank/ post office fixed deposit, recurring deposit or savings account.Also, if a senior citizen opts to take advantage of Section 80TTB, he cannot […] Continue reading →

3 Reasons Why Growth Option is better than Dividend Option in Equity Mutual Fund?

Equity Mutual Fund: Growth or Dividend? When you invest in Mutual Funds you usually have to choose from following three options: Growth Dividend Dividend Reinvestment For a new investor first selecting the mutual fund and then selecting of the above 3 options this may be overwhelming. In this post we tell you why you should opt for Growth option while investing […] Continue reading →