Tax on EPF withdrawal is the main concern of the employee who leave early. In this post I will give you the detail information about the PF taxation rules. You will learn the tax benefits of different provident funds. I’ll also tell you the situation when you are liable to pay tax. You will also get… [Continue Reading]
Do you want to invest in best tax saving mutual fund to save tax? I have handpicked the Top 5 ELSS fund. These ELSS give good return with less risk.
Is heavy tax bothering you? Don’t worry, income Tax Exemptions and deductions, give you plenty of opportunities to save tax. By using these exemptions and deductions wisely, you can reduce your tax substantially. In fact exemptions and deductions reduce the tax liability in lacs. In this post, I am listing the available exemptions, and deduction under income… [Continue Reading]
The income tax slab of 2016 -17 is same as earlier. However, the middle class will get the tax benefit of Rs 3000. Almost 1 crore people will enjoy this tax benefit. The budget 2016 did not change the income tax slab. The tax relief is given through the rebate. There are few more opportunity to… [Continue Reading]
Are you one of them who do not plan things on time? Have you procrastinated on tax saving investments till December? Are you now struggling to invest ‘anywhere’ so that you can save tax? Are you the gullible person who can be ‘miss-sold’ by insurance agent? Did you not decide your tax deduction option? Still… [Continue Reading]
The income tax rate is fixed according to the income tax slab. The principle is simple, the more you earn, the higher would be income tax rate. That is why the government fixes different tax rates for the different income slabs. But, this income tax slab rate is not fixed forever. You would agree that with… [Continue Reading]
Don’t be complacent, you can minimize your tax outgo. There are many ways of tax deductions. Use them wisely and build your wealth.
Since 1st April 2017, there would be a new tax system. The VAT, Excise, Entry tax and other indirect taxes will be replaced by the one tax, the GST. The government has told the benefit of GST. But, now everyone is concerned about the outcome. Will It make our life easy? Will the tax burden… [Continue Reading]
What is GST? How does it work? GST stands for Goods and Services Tax. It is an one indirect tax. It replaces all the indirect tax. The indirect taxes are excise, sales tax, VAT, octroi ETC. The rate of GST would be same for whole India. It does not change with the change of states.… [Continue Reading]
Now you have five more days to file income tax return. The last date of filing income tax has been extended till 5 August 2016. You can efile your income tax return through the incometaxindiaefiling portal till 5 August. In the normal course, the last date of income tax filing is 31st July. Reason For Extension… [Continue Reading]