Category: Income Tax Saving
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Public Provident Fund (PPF) India, Interest, Benefit, Withdrawals, Deposit etc
Though there is a hype of certain types of investments nowadays, some schemes launched by the government are still considered the best safety net for long-term investments. One of which is PPF (Public Provident Fund). Not only this investment plan makes you financially secure but also brings you lots of benefits with a decent…
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Tax Benefits on Insurance Policies – Section 80C etc
Life insurance is a very important component of your financial portfolio. It gives unparalleled protection in case of premature death. The sum assured promised under the plan takes care of financial responsibility in case of premature demise of the insured. Moreover, different types of life insurance plans fulfil different financial needs. If fulfilment of…
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NRE-NRO Accounts: Basic Meaning, Eligibility, Taxation
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…
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Double Tax Avoidance Agreement (DTAA) Guide
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…
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Senior Citizen Saving Scheme
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…
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How To Open a PPF Account in SBI Bank
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…
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Tax Saving for High Salaried People without any investments?
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…
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Sachin Tendulkar clean bold the Income Tax Ruling in his favor
Recently, Mr. Sachin Tendulkar got a favorable ruling from a tribunal over a tax disputed case on one of his vacant property. If you are also the owner of more than one house then you definitely need to read this !! Let’s have an overview of his case and find out how it may help…
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5 Common Tax Breaks You Don’t Want To Miss | ITR FY 2017-18
Are you filing income tax return for FY 2017-18? Then you surely are in a rush because the deadline is already on head i.e. 31st July, 2018. But as the wise one’s said, “Relax! Take a break & recharge yourself”. That’s why we are here, to recharge & introduce you with some common income tax…
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Section 80 Deduction | Deduction u/s 80DD, 80DDB, 80U
Contents :- Section 80DD Deductions Section 80DDB Deductions Section 80U Deductions In today’s modern era, we spend a lot of money on health-care, be it for ourselves or our family. So does our Government by taking steps towards public welfare. And these steps are taken in the form of income tax deductions, new laws etc. …