In last few weeks I have got several mails and comments asking about the tax benefit on NPS. This post explains the tax deduction availa/ble for NPS under 3 sections: 80CCD(1), 80CCD(2) and 80CCD(1B). Tax Benefit on NPS Tier 1 and/or 2? NPS has two Tiers – 1 and 2. NPS Tier 1 is the […] Continue reading →
Download the excel based NSC calculator to know the maturity amount and interest eligible for tax exemption every year. 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 →
Sovereign Gold Bonds Series IIIV (FY 2019-20) is available for subscription from February 3-7, 2020. The price per bond is Rs 4,070 (4,020 if bought through digital mode). You can invest if you anyway wanted to invest in Gold for 6-8 years. 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 →
Income Tax Slab for FY 2020-21 (AY 2021-22) for Individuals (Men & Women), HUFs, Senior Citizens, Partnership Firm, Domestic Company and Capital Gains effective from April 1, 2020 Continue reading →![Income Tax Calculator for FY 2020-21 [AY 2021-22] - Excel Download](https://www.apnaplan.com/wp-content/uploads/2020/02/Income-Tax-Calculator-for-FY-2020-21-AY-2021-22-Excel-Download-100x100.png)
Download Excel based Income Tax Calculator for FY 2020-21 [AY 2021-22] incorporating new and existing tax regime/slabs. You can find out which regime suits you Continue reading →
The new reduced tax slab proposed in Budget 2020 may sound great but when analysed with the tax deductions forgone, it may not benefit many Continue reading →
You might have received Whatsapp forward or read somewhere on social media about a new proposed Financial Resolution and Deposit Insurance Bill (FRDI) which has a “Bail-in” clause where in case of bank failure, depositors money like fixed deposits, savings bank account, etc can be used to absorb bank losses. This is just a proposed bill […] Continue reading →