Understanding the new tax regime – 4 key considerations before switching to new tax...
The Indian government has recently introduced offers taxpayers the option of choosing between the existing tax regime and the new tax regime. However, before switching to the new tax regime, taxpayers...
Checklist and Guide for submitting investment proofs to prevent excess Tax Deduction
The Deadline of Investment Proof Submission is approaching fast and it is time to Submit Investment Proofs to Employer. As days pass by, stress levels peak. It is during this time...
Claiming House Rent Allowance HRA Tax exemption in different rental situations
House Rent Allowances is one of those allowances that save a lot of tax for people who feel burdened by the same. Unlike many other salary components House Rent Allowance (HRA)...
7 Effective Ways to Save Taxes
Tax planning refers to reducing the amount that you pay taxes and it is usually a process that begins from the day that you start receiving your income. There are several...
Giving Gift – Rules You Should Know to avoid Taxes
Clear cut Income Tax
rules have been sent with respect to receiving and giving gifts. Let us look at
some salient points pertaining to this aspect.
Gifts...
The Impact of the New Tax System on Taxpayers: What You Need to Know
The recently implemented tax regime in our country has both advantages and disadvantages that can affect various stakeholders. Let us examine some of these benefits and drawbacks.
Advantages:
1. Simplification of tax structure :...
22 Tax Saving Options You should Know
PPF – Public Provident Fund
Bit confused? Well, it will be a lot easier if you enlist the professional assistance of the financial consultants in india.People can...
How ELSS is a good tax saving option
Many specialized financial products are available for investing your hard earned money in. One such product is the Equity Linked Savings Scheme which offers both tax benefits as well...
A Guide to Advance Tax Payment in India
What is Advance Tax?
Advance Tax is a method of spreading out the payment of income tax over the course of the financial year, rather than making a single payment at the...
4 different situation investor in as how to Demystify Long Term Capital gain on...
Mr. Arun Jaitley proposed to tax long-term capital gains on Equity exceeding Rs 1 lakh @ 10 percent without indexation.However, it has created a lot of confusion among investors as how...
