In a chat on rediff.com, direct tax expert Vikas M Gandhi offered some valuable tax-saving tips.
Invest in MFs for liquidity and choice of funds. Invest in NPS for the tax benefits, tax-free rebalancing, and for earmarked savings for retirement.
Pursuant to Finance Minister P Chidambaram's budget announcement, a roadmap to streamline tax structure on all saving instruments will be rolled out next month.
rediffGURU Mihir Tanna answers your income tax queries.
With an eye on the assembly elections scheduled in Delhi early next year, Aam Aadmi Party supremo Arvind Kejriwal on Friday launched a 'Revdi Par Charcha' campaign that will run from November 25 to December 10, an official statement said.
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
'There are no new benefits for senior citizens, but on the other hand senior citizens having sizeable dividend income may have to suffer tax at applicable slab rates,' says Mahesh Padmanabhan.
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
The bonds' unattractive structure seem to have found little favour with eligible taxpayers and infrastructure finance companies are hoping the government would do something to enhance product appeal.
It is advisable to file your ITR right away and not rely on potential extensions.
One investment that must be on the top of your list -- if you are a high-risk investor -- is the tax-saving fund.
After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025.
Seek permission to issue tax-free bonds.
rediffGURU Ulhas Joshi recommends five factors you need to look at to evaluate the performance of two schemes.
Finance Minister Nirmala Sitharaman in her fifth Union Budget made five major announcements for the income tax assesse. She announced no changes in the old tax regime and confined her relief measures to the new tax regime. There have been no changes under the old tax regime.
We have formulated a 5-step strategy for every investor looking at investing in tax-saving funds.
ELSS is a great instrument for tax planning which also ensures good returns. But investment should be carefully planned.
Rediff reader Tushar Kulkarni, 40 from Dombivali shared some valuable tips.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Should taxpayers invest in Rajiv Gandhi Equity Saving Scheme to save tax? How much tax will they actually save? And what are the pros and cons you should check out before going for this scheme? Salil Dhawan offers his take.
Are you a salaried employee and a bit confused by how much tax your employer is deducting at source from your salary? If at all tax is deducted at source, do you know how to plan to save taxes? Get ahead tax expert has the answers.
Correcting markets makes this a great time to buy an ELSS. Here are 7 schemes across the risk spectrum.
For a lot of investors, tax-planning is little more than a mandatory investment activity (under Section 80C) for saving tax. However, the fact is there is a lot more to tax-planning than writing cheques indiscriminately to your insurance company.
Tax-saving funds add value to your portfolio, but you must ensure that your ELSS investments are always in tune with your risk-appetite.
The govt has incentivised the worst of investment products.
Do not put all your funds into a single scheme; have a mix of fund houses as well as schemes.
Chennai-headquartered Indian Overseas Bank has launched a five-year tax saving deposit scheme at an interest rate of 8.15 per cent per annum.
Mechanism for non-resident service providers made stricter.
You can still save money, says Samkit Maniar
India's top oil and gas producer ONGC wants the government to scrap windfall profit tax levied on domestically produced crude oil and instead use the dividend route to tap into bumper earnings resulting from surge in global energy prices. The firm also favours a floor price for natural gas at $10 per million British thermal unit -- the current government-dictated rate -- to help bring deposits in challenging areas to production, two sources aware of the matter said. State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall profit tax on domestic oil producers, while at the same time reaping rich savings from buying discounted oil from Russia was unfair.
Section 80c has plenty products for those wanting to invest and save taxes. A quick look.
Insurance receipts and other savings plans post Direct Tax Code.
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
Donald Trump's exaggerated opinion of his dealmaking capacity can get him into trouble, observes R Sriram.
The benefit coming in from the Rs 1.45 lakh crore tax giveaways will also help companies to cut prices by up to 5 per cent to boost consumer demand, which has been sagging and is one of the prime reasons for the deepening slowdown.
The regulator has sought an increase in the investment limit for tax-saving equity mutual fund schemes to Rs 200,000 from the current Rs 150,000.
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