A comprehensive look at one of the most-preferred tax-saving investment option for the salaried class
Whatever your queries, tax expert Mahesh Padmanabhan will answer them and give you tips on tax planning on Friday, February 2, between 4 pm and 5 pm IST. Join us then
Invest early. Plan your taxes.
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.
Consider factors like time, risk profile, return requirements, expenses, liquidity needs, etc. Make sure to have insurance and opt for a term plan, says Amar Pandit.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
As many as 97,689 people had more than Rs 1 crore gross income in 2018-19 AY against 81,344 in the previous year, shows official direct tax data.
The Covid pandemic has left a question mark on how the central government manages its staff.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
The July 31 deadline is closer than we think. And, to get us in good shape for filing tax returns here is a handy guide to keep in mind.
Here's a quick round up on what you should do whilst you apply finishing touches to your tax planning.
For those of you who ran pillar-to-post last year to save that extra dough, here's a lesson or two on the tax deductions / exemptions that you should not miss.
For a working couple, an efficient tax plan can be achieved by jointly making use of their dual income to invest, and the income tax rules to their advantage. Here are six smart tips from Investment Yogi, to help couples save more and maximise wealth.
Two tax-saving funds that you might consider investing in. Here are their salient features.
An analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
To reiterate, individuals should evaluate their needs first and then build a life insurance portfolio. In the tax planning exercise, the long-term financial goals should not be lost.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The fund is a good pick for the conservative set of investors who want a good night's sleep, as compared to top-notch returns.
Learn about the best tax saving investments and options for the assessment year 2010-11).
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws isn't a concern, advises Bindisha Sarang.
'It is advisable to invest in them early in life and stay invested for a longer period to achieve long-term goals and accumulate wealth.'
Experts say the size of the fund shouldn't be a primary criterion for selection.
If your risk appetite permits investing in a tax-saving fund, now is the time to scout for one and start off an SIP.
Adequate tax planning in the first week of the financial year can help you reap rich rewards. Investors can consider the following investments for 2008-09. Public provident fund - a 15-year scheme, where you can invest up to Rs 70,000 each year, for deduction under section 80C. Equity linked saving schemes is also exempted under section 80C. Five year fixed deposits too are profitable options. A shortfall in the number of installments would lead to increase in tax liability.
ELSS, or tax savings funds, are diversified equity funds that offer a benefit under Section 80C. Here's how to make sure you invest smartly.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
We give you five good reasons why you must invest in mutual funds at an early age.
Debt-oriented funds or monthly income plans with a small portion of the portfolio invested in equities can be good options.
We have an investment idea for the present scenario -- start your annual tax-planning exercise. Gone are the days when the month of March was designated for making tax-saving investments in a select few instruments.
A medical insurance policy should always form a part of any individual's financial planning as well as the tax planning exercise.
Finance Minister Arun Jaitley on Monday did not change tax slabs but offered a relief of Rs 3,000 to the salaried with income below Rs 5 lakh per year.
Our advice: engage the services of a qualified investment advisor, make an investment plan for your tax-planning investments and stick to it; finally don't deviate from your risk appetite.
A well-defined asset allocation plan for tax-saving instruments will help you realise not just your tax-planning objective, but also complement your overall financial planning.
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers.
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