Come July 31, and you will be running from pillar to post to file your income tax returns. Let us take you through a few pointers before you start. Updated ITR Submitting 2022:The Internal Revenue Service recently released a new form for filing Updated Income Tax Returns. Budget 2022 featured a new idea of updated returns. It […]
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Comparision of RGESS with the top tax saving schemes available in India: RGESS ELSS PPF Eligibility Annual Income less than 10 lakh. None None Lock-in Period 1+2 3 years 15 Years Tax Benefits 50% (80 CCG) 100% (80 C) 100% (80 C) Maximum Investment for Deduction Rs.50,000 Rs.100,000 Rs.100,000 Minimum Investment NA Rs.500 to Rs.5000 […]
Rajiv Gandhi Equity Savings Scheme (RGESS) Who can invest in RGESS? New retail investors with an annual income of less than 10 lakhs. How much can I invest? The maximum amount eligible for claiming benefit under RGESS is Rs. 50,000. Tax Benefit Deduction u/s 80 CCG, is available on 50% of the amount invested. The […]
FAQ Issue of Financial Year 2011-12: IFCI, IDFC, L&T 2011, SREI, L&T 2012, IDFC 2012 – Tranche 2, IFCI 2012, IDFC 2012 – Tranche 3 What is the additional tax benefit under Section 80CCF? All of you know that you can reduce your taxable income by investing in certain instruments like tax saving fixed deposits, […]
Case Study Jaideep is getting a salary of Rs. 800000 p.a. He has bought a health insurance policy for himself and his family and paying a premium of Rs. 10,000. Jaideep is paying Home Loan interest of Rs.40000 and principal of Rs.30000. He has also bought a term insurance of LIC and paying premium of […]
Case Study
Jaideep is getting a salary of Rs. 800000 p.a. He has bought a health insurance policy for himself and his family and paying a premium of Rs. 10,000. Jaideep is paying Home Loan interest of Read More
Get A Fix On Tax Savings
In the rush to save tax, have you paused to think whether you are buying all the wrong products? It's important to look at each of the tax-saving products before committing funds to them. Above all, it's crucial to link your investments to long-term financial goals. Tax-saving should always
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Deduction is the amount, which is reduced from the gross total income before computing tax. There are various Tax Deductions or tax exemptions provided by the Indian Income Tax Act. The tax deductions help to deduct an amount from the taxable income and help Read More
