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NRE-NRO-Accounts
Income Tax Saving

Non-resident Indians (NRI) comprises of non-residents under FEMA and non-Indian citizens of Indian Origin (PIO). Thus NRIs can have three types of bank accounts: Non-resident Ordinary (NRO)Non-resident External (NRE)Foreign Currency Non-Resident (FCNR) Opening an NRO account An NRI can open an NRO (Non-Resident Ordinary) bank account at any point of time or can also change his existing bank account into an NRO account. A citizen of any other country can open an NRO account during his stay in India. But citizens of Pakistan and Bangladesh require prior permission of RBISEE DETAILS

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PRAN
Income Tax Help, Income Tax Learning, Income Tax Saving

Retirements don’t come easy and zillion minutes goes by planning for the retirement. It becomes very difficult for people to save for their retirement because of the current needs and demand. Sometimes we worry so much about the future that we forget about our present and compromise on our current needs with the aim of saving some money for retirement. To ease our common worries about the future, the government launched the National Pension Scheme. What is the National Pension Scheme (NPS)? The National Pension Scheme was launched in 2004SEE DETAILS

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EPF--Process-to-transfer-online,-Check-Transfer-Status
Income Tax Learning, Income Tax Saving

As an employee, you are entitled to provident fund, which is also known as Employee Provident Fund. But there are several questions which revolve around this concept like what exactly it means, who contributes to it and most importantly what happens to the fund when you change your employment. If you are looking for answers to the question above, then this is the right place for you. We have briefly covered the basics of EPF and EPFO in this blog. You will also find a detailed guide on how youSEE DETAILS

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Section-80-GG--Deduction-on-Rent-Paid
Income Tax Saving

Contents :- What is Section 80GG as per Income Tax Act? How to claim deduction under Section 80GG? What will be the quantum of deduction under section 80GG? Examples on section 80GG. Who can claim Deductions under this section? What is the information required for claiming deduction under section 80GG? FAQ’s House rents can become a real burden mainly in the metropolitan cities where getting a house on rent is difficult. Since the demand for the rented house is so high, the rent also getting skyrocketed with every passing day.SEE DETAILS

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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

Contents :- What is the Senior Citizen Saving Scheme? Who is eligible to invest in this scheme? What is the investment limit under this scheme? What documents are required to open an account under the Senior Citizen Savings Scheme? Step-by-step process to open an account under the Senior Citizen Saving Scheme: How much interest is paid on the investments under this scheme? Maturity period and premature withdrawals Tax exemptions under this Scheme? Nomination facility under this Scheme? Other important information regarding the Senior Citizen Savings Scheme? As citizens, we haveSEE 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

Contents :- How ULIPs work? Types of ULIPs Unique features of ULIPs Charges under ULIPs Tax implications of investing in ULIPs FAQs 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,SEE DETAILS

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