Budget 2015 had introduced a new section 80CCD (1B) which gives deduction up to Rs 50,000 for investment in NPS (National Pension Scheme) Tier 1 account This new deduction can help you save tax up to Rs 15,600 in case you are in the 30% tax slab. The question is should you take advantage of this […]
Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B)? Read More »
We are releasing the eBook on Tax Planning for FY 2015-16. This is a short 44 slide power point presentation which gives the details of tax saving sections and investments available to individual tax payers. The eBook covers the following income tax sections available for individual tax payers: [button link=”https://apnaplan.files.wordpress.com/2018/02/how_to_save_tax_for_fy_2015_16.pdf” size=”large” style=”download” color=”darkcyan” text=”light”]Download Tax Planning
We have already discussed the impact of Budget 2015 on Income Tax and TDS. This post covers other aspects which would directly or indirectly impact us. 1. Wealth tax abolished. 2. The highest tax slab has increased to 34.6% from 33.99% due to 2% increase in cess for super rich (people with annual income of
19 Ways Budget 2015 Impacts our Spending, Saving, Investment and Taxation Read More »
Along with changes in income tax, budget 2015 has also made some changes in TDS (Tax Deduction at source) for Fixed Deposit, Recurring Deposit and EPF (Employee Provident Fund). The post discusses these changes: TDS on Recurring Deposit (RD) Until now recurring deposit was not subjected to TDS. Budget 2015 has amended this and now
The Budget 2015 presented on February 28, 2015 which brought the following 8 changes in Income Tax rules for Individual tax payers. 1. Income Tax Slabs: There is no change in tax slabs for FY 2015-16 people with income of less than 1 crore. However for the super rich (with annual income of more than 1
9 Changes in Income Tax Exemptions and Rules in Budget 2015 Read More »
