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When it comes to money, everyone wants to earn as much as possible, isn’t it? That is why you look for different investment avenues and wealth generation ideas both in India as well as abroad. In fact, foreign investments hold a particular attraction for most individuals. They try and invest their money in foreign countries which promise good return. But what about the tax implications on those returns? Do you know how and where your foreign returns would be taxed? Taxation of returns becomes a problem when two countries areSEE DETAILS

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Senior-Citizen-Saving-Scheme
Income Tax Saving

As citizens, we have tons of savings schemes at our disposal. The major agenda behind these schemes is to put us in a habit of saving for our future. Different types of savings are available for long-term and short term investments. The short-term savings scheme are rolled by the Government and are taken care of by the Indian Post offices. Currently, Post offices of India offer nine different savings scheme and Senior Citizen Savings Scheme is one of them. The main agenda behind this scheme is to make the retirementSEE DETAILS

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How-To-Open-a-PPF-Account-in-SBI
Income Tax Saving

What is Public Provident Fund? Public Provident Fund (PPF) is a long term investment scheme which is popular amongst the masses. This scheme was introduced by the Government of India to promote savings. It offers an attractive interest rate, high returns along with several safety features. You are eligible for tax exemption under Section 80C Of The Income Tax Act. You can save a maximum of Rs. 1.5 lakhs under PPF in one financial year. Apart from tax rebate, you also get the opportunity to extend the maturity of your PPFSEE DETAILS

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NSC - National-savings-certificate
Income Tax Saving

Whenever you discuss taxes either of two things happens – the people are unaware and therefore not interested or they are interested but the discussions are way too technical for a normal person. While most of us are familiar with the usual suspects like our Form-16 and ITR but there is still a lot beneath the surface. In this series, we will be bringing you the various aspects of taxation and tax-filing in form of simple discussion. Let’s start with NSC or National Saving Certificates. This is one of theSEE DETAILS

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post office saving account
Income Tax Saving

Post office savings bank account is a great initiative by the Government of India for small savings and is quite similar to the saving accounts found in banks. It is widely popular in rural and semi-rural areas where the bank approach is limited. It is the safest place to deposit your liquid cash while earning a fixed return on it. Additionally, the deposits can be liquidated anytime as per your need. Your deposits could be tax-free as well depending upon the interest earned and as per the Income tax act.SEE DETAILS

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ulip-unit-linked-insurance-plan
Income Tax Saving

The allure of market linked returns cannot be ignored. The returns are high and are also in trend with the growth in the economy. To tap into the attractive returns promised by the capital market, life insurance companies introduced unit linked life insurance plans, called ULIPs in short. ULIPs are life insurance plans which invest the premium in the capital market and give you market linked returns. And, what can be more exciting than enjoying a tax benefit simultaneously. A unit linked plan, therefore, provides a combination of insurance coverageSEE DETAILS

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salary slip
Income Tax Learning

Every employee is entitled to receive a salary slip from his/her employer. This is a legal document which acts as proof of your employment. It’s an important document which has all important details about your salary like basic salary, medical allowance, conveyance allowance, deductions, and other information like your employee code, date of joining, and bank details etc. It is imperative that you keep them safe since these are used to compute Income tax payable and also serve as an evidence of your claim to the Government (in case required).SEE DETAILS

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capital-gain-tax
Income Tax Saving

Selling your property or selling your shares, what is the thing which bothers the most?? Surely, the impact of the capital gain tax!! Capital Gain tax in India is levied upon the profits you earn on selling upon of a capital asset. This taxation area has always lacked clarity in the minds of common users. We often come across questions form our family and friends like, Is capital gain tax applicable on all?? How capital gain is calculated? Where it is disclosed at the time of e-filing the Income TaxSEE DETAILS

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Sovereign-Gold-bond
Income Tax Saving

We often come across people who like to invest in tax friendly and secure modes. Especially, in a country like India where, people tend to believe investment in gold as the most concrete, safe and return generating. But, because of these traditional conventions of society a significant quantity of gold was not traded in market and huge stocks were withheld in households. To curb the practice Indian government came up with an alternative in the name of Gold Bond. Sovereign Gold bond Scheme was launched by Government in November 2015,SEE DETAILS

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save-income-tax
Income Tax Saving

Earning a 7-figure annual salary is a dream for many. A high salary promises an improved lifestyle, fulfilment of financial goals and, overall, a comfortable life. However, there is another aspect which a high salary brings in its wake – a high tax liability. You know that your tax liability increases as your income increases and so when you earn a high salary, you fall in the 30% tax slab and end up paying a high tax. Though there are tax-saving investments which help in bringing down your tax liability,SEE DETAILS

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