Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
Evaluate recurring investment products and do the numbers before making any investments.
Without Form 16, tax computation becomes cumbersome
The curious thing is that savings instruments have not really kept pace with changing needs, although people have access to a wider variety than before.
By region, Thiruvananthapuram leads with 247 defaulters, followed by Kolkata with 173 and Bhubaneswar with 115
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.
The first step is to estimate the retirement corpus you would need and to compute the approximate amount you can set aside every month, says V Viswanand, Senior Director and Chief Operations Officer, Max Life Insurance
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
The next revision will make the rates similar to those of bank FDs.
Arun Jaitley had a tough fiscal hill to climb.
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
Priya Nair tells you how you can use technology to invest better and maximise returns.
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.
Retirement fund body EPFO's trustees on February 5 will decide on amending its scheme to provide a minimum monthly pension of Rs 1,000, which will immediately benefit its 27 lakh pensioners.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
Bank shares were the top losers after sharp gains last week.
'What is this new PF rule? Complete nonsense!' 'I want my PF money right now and not when I am 58 years old.'
'The package will help in realising the true potential of employment generation in the textile and apparel sector.'
Start 2017 with these five simple financial resolutions and you will put your family on solid ground financially, says D P Singh, executive director and chief marketing officer, SBI Mutual Fund.
Insurance firms have designed amazing retirment plans to lure more customers.
This mindless medley of products does not create choice.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
Classically, the Japanese - who are not guided by short-termism - added capacity during slumps to be ready to reap their good fortune when the business cycle turned upwards again and shortages emerged, says Subir Roy.
Let us look at this scheme a little more in detail.
Investors should quiz them to understand the product, which options to invest in, and how to get the final payout
The ED has received documents from almost all banks that lent money to KFA.
Retirees have better options that offer liquidity, better returns and are more tax-efficient.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
While diligent paperwork helps claim tax benefits, with employers under pressure from the government, any lapse in documentation by an employee will lead to sharp cuts in salary.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
If there is a lesson to be learnt from the 1980s, it is that mobocracy never works. And a government that yields before public protests will have ceded its right to govern, says Syed Firdaus Ashraf.
Prime Minister Narendra Modi didn't hold back on Wednesday when he launched a scathing attack on the Gandhi family and the Congress in Parliament during a debate on the motion of thanks for the president's address.
An Aadhaar card can fast-track the KYC procedure for some instruments.
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