Page 2 - Tax Saving Schemes

Presumptive tax scheme can reduce compliance burden, return filing

Simplifies ITR filing, but can be taxing if actual income is below 8% of turnover

Tips on saving tax on the interest you earn on your savings bank account

Interest earned on balances in savings accounts held with banks or post offices is taxable under "Income from other sources". Did you know that you can actually save this tax to an extent?

A snapshot of various tax saving investment schemes with their details

Here is how the various tax saving schemes and their interest rates stack up

Start making those tax-saving investments right away if you haven't already

If you make them in haste at the last moment, you are likely to end up with the wrong choices

How to claim income tax deduction for investments made in April - July 2020

One of the key points to note while accounting for these investments made from April to July is that a deduction once claimed in FY20 on an investment made, cannot be claimed again for FY21

Here is a snapshot of various popular tax saving investment schemes

Choose Section 80C investments based on risk appetite; be mindful of lock-in too

It's time you thought about tax-saving investments; ELSS can be one option

Among tax-saving investments, they have the lowest lock-in period of three years only

Should you invest in ELSS funds? Only if you have high risk appetite

These funds have, on an average, run up 9.57 per cent over the past three months

Dividend income, partnership firms two ways to reduce income tax liability

Most tax experts and chartered accountants say their high-net-worth clients are rattled

A snapshot of tax saving schemes and related details

Here is what the tax saving schemes have to offer

Readers' Corner: Financial planning

ELSS is a combination of a tax saving scheme and a great investment idea