Investors in higher tax brackets may avoid products taxed at the slab rate
The EPFO is larger than four of the largest mutual funds put together, yet it has opaque accounting practices with no portfolio disclosure even at year-end
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?
If your health insurance premium is low, this provision can help you enjoy a higher deduction
Big-ticket foreign investors looking to invest in India could soon find their proposals getting quick treatment from the government. Read Business Standard's top news pieces for the day
They must also maximise the utilisation of the higher deductions available to them
If you make them in haste at the last moment, you are likely to end up with the wrong choices
Today is first day of the financial year 2020-21, and with new year come new tax rules. Here are the six changes that come into effect from today
Avoid errors like investing beyond the permissible limit
Remember, it is mandatory to file I-T returns by the due date to carry forward losses to the following years
Give these equity-linked instruments at least seven years to yield good returns
Loan rate is 100-200 basis points higher than the FD rate
Taxpayers can save the taxes on the gains by availing the benefit of tax exemptions allowed under the Indian tax laws.
Invest in select products such as equity-linked saving scheme, Public Provident Fund, National Pension Scheme and Senior Citizens Savings Scheme
With the time for submitting proof of investments barely a fortnight away, here's a look at key criteria you should employ when selecting tax-saving instruments like ELSS, term and health cover
Buying the wrong tax-saving product, then abandoning it after a year or two because you realise it isn't suitable, will harm your financial health
Choose wisely but remember that returns are not guaranteed
PPF is an old favourite investment option with resident salaried while EPF is one of the smartest investment instruments
Ensure that there is a complete documentation of your investments