The answer depends on your financial goals and risk appetite, says Certified Financial Planner Ramalingam Kalirajan, and explains why.
Elaborating on the recommendations, CII Vice-President Hari Bhartia said the forthcoming budget should focus on an investment-led growth by introducing broad-based reforms in the banking, finance and retail sectors. The Union Budget is expected to be presented in July, 2009.
The Individual tax payer exemption limit to be raised to Rs 200,000 from Rs 180,000.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
Finance Minister Arun Jaitley may not raise I-T exemption limit to Rs 500,000.
Finance Minister Arun Jaitley may not raise I-T exemption limit to Rs 500,000.
The new provision under the Income-Tax Act may enable the authorities to seize trustees' personal assets if there's a breach of objectives governing registered charitable trusts.
It is not just about archaic limits, there are a number holes which, if plugged, will come to the aid of taxpayers, rues Neha Pandey Deoras
The Direct Tax Code (DTC) Bill proposes to raise exemption limit for personal income tax from Rs 1.6 lakh to Rs 2 lakh, Finance Minister Pranab Mukherjee said.
rediffGURUS Hardik Parikh, Tejas Chokshi, Mihir Tanna and Sanjeev Govila answer your tax related queries.
These are the highlights of the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday.
rediffGURU T S Khurana answers readers' personal income tax queries.
The government on Thursday raised the income tax exemption limit to Rs 10,000 while imposing a 2 per cent education cess on taxable income.
The Finance Minister's move to raise the income tax exemption limit for both men and women in the Union Budhet 2008-09 seem to have won him a lot of young fans.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Banking on the Budget's tax relief, the BJP seeks to energise Delhi's middle class; the AAP is doing its bit too. But will their outreach mobilise this politically crucial yet disengaged electorate?
FM is likely to raise tax slabs.
Various start-ups have raised concerns on notices sent to them under the Section 56 of Income Tax Act to pay taxes on angel funds received by them.
Tax expert Anil Rego answers readers' questions about how Finance Minister Piyush Goyal's Budget affects you.
The finance ministry is likely to raise the exemption limit for service tax from Rs 400,000 to Rs 10 lakh (Rs 1 million) in the forthcoming Budget.
Give separate tax exemption limit of Rs 50000 for the life insurance premium.
Direct tax expert Vikas Gandhi offers some valuable tax-saving tips.
In an hour-long chat on Thursday, direct tax expert Vikas Gandhi offered some valuable tips.
Several changes were made to the new income-tax regime in Budget 2023. The old income-tax regime was not tinkered with and is still available.
The draft Direct Taxes Code unveiled by Finance Minister Pranab Mukherjee on Wednesday proposes raising the tax exemption limit on savings to Rs 3 lakh.
Tax payers will be looking forward to some relief from Finance Minister Pranab Mukherjee who is expected to raise the income tax exemption limit to at least Rs 2 lakh in his budget proposals.
'Most young taxpayers prefer income tax filing to be flexible yet straightforward.'
Don't solely focus on tax-saving alone.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
When Finance Minister Arun Jaitley presents the Budget in a short while, there are high expectations from people on raising the income tax exemption limit.
But commerce ministry works on rules for exemption to contractors.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Did you know that an individual can, in addition to the tax benefits she/he is entitled to, also leverage the benefits available to family members to reduce this liability?
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.
Corporate tax collections rose by a whopping 166 per cent at Rs 9,079 crore (Rs 90.79 billion) till June 23 of this fiscal against Rs 3,413 crore (Rs 34.13 billion) during the corresponding period of 2004-05.
The first step in tax saving through family tax planning is to adopt the concept of divide and rule. The simple rule is that each family member must have his or her independent source of income so as to legally become an independent tax payer under the provisions of the income tax law. Under the income tax law it is not possible to arbitrarily divide one's income amongst different members of the family - and then pay lower tax in the names of different family members.
Postal Time Deposits are similar to Fixed Deposit that you keep with Bank. For claiming deduction, the minimum period for which you should keep such Time Deposit is of 5 years.
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