It is that time of year again, when we have to make tax saving investments. But how do we go about choosing the right tax saving instruments that will give you the optimal returns while saving you tax?
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
rediffGURU T S Khurana answers readers' personal income tax queries.
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
Equity linked saving schemes of mutual funds help investors not only save tax but also make money.
Amazon India unveiled a dedicated marketplace section highlighting products with reduced tax burdens as the goods and services tax (GST) restructuring took effect on September 22, positioning the ecommerce giant to capitalise on lower consumer prices across electronics, appliances, and other categories. Its rival Flipkart, too, has rolled out its own GST-focused storefront, the GST Bachat Utsav, aimed at helping shoppers maximise benefits from the new tax rates across multiple categories.
One should avoid keeping excessive funds in one's savings account.
Understanding severance pay isn't just for those who are losing their jobs
Is it true that you can also save on your tax by gifting money to your parents? If yes, then what are the ways in which you can do so? Is there any maximum limit for gifting?
Although most high-frequency traders (HFTs) prefer to set up shop close to stock exchanges to enjoy better latency, a few are willing to sacrifice proximity to save a few bucks. Two HFTs have already established their offices at the GIFT City (Gujarat International Finance Tec-City) IFSC while many more are likely to follow suit.
'If you invest in a rush at the last moment, you could compromise on selecting the best tax-saving options.'
These losses increase insurance premiums for customers and reduce insurer margins on the other.
New lower GST rates kicked in from Monday, resulting in a slashing of prices of as many as 375 items ranging from toothpaste and shampoo to cars and television sets, a move seen as an attempt to boost consumption to cushion an economy facing tariff headwinds. Tax rates of 5, 12, 18, and 28 per cent have been clubbed into two rates of 5 per cent and 18 per cent, resulting in a reduced price of 99 per cent of daily use items.
The interest rate on these schemes have remained unchanged for over a year now.
Prime Minister Modi urged the people of the country to take pride in selling and buying indigenous goods.
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.
Three key instruments that can help you meet your financial goals, while also allowing you to enjoy tax deductions are ELSS, term cover and health cover.
The tax filing season is here, and mutual funds have launched tax-saving products.
rediffGURU T S Khurana answers readers' personal income tax queries.
The return filed could be treated as defective, invalid, or even be considered as not filed at all.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
rediffGURU T S Khurana answers readers' personal income tax queries.
If you are planning to buy insurance to save on tax, here are five things you must know first.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
When and how you can access EPF money before retirement without jeopardising your long-term retirement savings.
The old tax regime remains unchanged. 'Taxpayers opting for it will continue to follow the existing slab rates and deductions.'
After a year of modest returns, equity investors may anticipate gains of 10-15 per cent in Samvat 2082, which began on October 21. Although valuations have moderated from their peaks a year earlier, they remain above long-term averages, potentially limiting sharp upsides.
'Having a separate healthcare corpus is extremely important even for those already covered by health insurance.'
It often leads to unnecessary investments, which might not be able to serve your goals.
Premium paid on life insurance policies entitles you to tax benefits. Read on to find out more about this.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'Earnings growth will be the main driver of India's market in 2026, with profits expected to rise 9% to 10% in H2 FY26 and accelerate to 12% to 15% in FY27.'
rediffGURU T S Khurana answers readers' personal income tax queries.
EMI means you've already spent tomorrow's income; SIP means you're investing today's income to secure tomorrow, explains Ramalingam Kalirajan
The Congress party has criticized Prime Minister Narendra Modi's handling of GST reforms, calling them inadequate and demanding an apology for the tax imposed on essential items. They argue that the reforms are merely a 'band-aid' solution and that the government should address the states' demand for extended compensation.
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