An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
Most taxpayers will benefit from being in the old tax regime, assuming they optimise their salary for tax benefits and claim the deductions available to them.
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
This is an equity diversified fund and investors enjoy both the benefits of capital appreciation, as well as tax benefits.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
In an online chat with Rediff.com readers, personal finance expert Anil Rego answered queries about the new tax regime announced in the Union Budget.
MFs continue to find it difficult to attract and retain long-term money from investors
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Under Section 80D, you can avail of deduction on payment made towards preventive health check-ups.
Whether salaried or running your own business, it's about time to get your investment proofs in tax-saving instruments ready for filing your income tax returns later this year.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Have a query regarding tax planning or tax filing? Maybe we can help. Drop us a line and our expert, Anil Rego of Right Horizons, will answer it. Please write to us at getahead@rediff.co.in with the subject line as 'Tax query' and our expert will answer them.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
In an online chat with readers a few hours after the Union Budget 2015-16 proposals were announced by Finance Minister Arun Jaitley, Sundeep Agarwal, Director, PwC India, answered related queries to help put the announcements into perspective.
You can increase or reduce the sum assured of a term cover, depending on changes in your overall liability, advises Bindisha Sarang.
New retirement schemes from MFs offer Section 80C benefit but locks in your money for five years
The current 3-page form is simplified version of an income tax return form after removing mandated disclosure of foreign trips and dormant bank accounts introduced two years back.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
There are many questions investors are asking their financial advisors at the moment.
Did you know that you can get a tax benefit of up to Rs 50,000 under a health insurance policy?
Tax experts G Srikanth and Anil Rego will answer all your tax queries in two different chats between 1 pm and 4 pm on Monday, February 3.
You tax-saving investments should not only depend on good returns but also take into consideration the various stages in your life to optimise your investments.
Section 80c has plenty products for those wanting to invest and save taxes. A quick look.
When looking for alternatives, consider several parameters -- your investment horizon and liquidity requirement, post-tax returns, and risk.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Since employers can't furnish Form 16 in the middle of the year, they give Tax Computation Statement.
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
These products are extremely transparent and are the lowest charged products in the insurance space. The policyholder has to only pay the fund management charge. Hence, from the cost side, ULIPs are very competitive.
Few options that can help you plan taxes wisely.
Take a look at the various tax saving tools available and their significance in your personal finance life.
Those spending over Rs 2 lakh on foreign travel, incurring more than Rs 1 lakh electricity bills, or depositing over Rs 1 crore in current account will have to mandatorily file ITR even if their total income is below the taxable limit. The last date for filing has been extended to Nov 30 from Jul 31.
Dilip Kumar Jha explains what the buyers must do to protect their own interest.
InvestmentYogi tells you the investment avenues to maximise tax benefits available under Sec 80C & 80D.
Filing your tax returns may seem like a lot of paperwork, but it is swift and smooth once you start with a clear plan, says Anil Rego.
Which one of these expectations do you think will actually materialise, come February 1?
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