By region, Thiruvananthapuram leads with 247 defaulters, followed by Kolkata with 173 and Bhubaneswar with 115
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
There will be different ways of returning the money, depending on the profile of the depositors and the amount, predicts Tamal Bandyopadhyay.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
Evaluate recurring investment products and do the numbers before making any investments.
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
The Department of Posts was one of the 11 entities to get the in-principle nod from the Reserve Bank of India in 2015 for setting up a payments bank.
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.
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
The abolition of wealth tax is again a welcome step.
In a public notice, the Securities and Exchange Board of India observed that some companies or entities are illegally mobilising funds from the public by making false promises of exorbitant rates of return under various schemes.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Before you file your income tax return this year, have a look at the amendments that might help you take the most possible tax benefit.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Many exemptions make little sense, such as a monthly exemption of Rs 100 for college education and Rs 300 for hostel fees.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
This mindless medley of products does not create choice.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
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.
An Aadhaar card can fast-track the KYC procedure for some instruments.
A six-point comparison by Anil Chopra, Group CEO & Director, Bajaj Capital
You can still save money, says Samkit Maniar
Supreme Court allows more instruments to use the biometric card.
Though it may be anecdotal, there are some HR people who cannot reconcile their own salary from a CTC to take home!
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
Money saved is money earned, and cutting down your expenses could well be the single-most important step towards an organised financial life. Naval Goel shows you how to keep your finances organised.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
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