It is January, and your employer would be asking the Tax Saving Investment proofs. Did you invest as much as you have declared? Argh! You could not invest as much you had promised. So, It would be a double whammy! Less saving but more tax. Is there a way to save tax as much as… [Continue Reading]
You want to save tax that is why you are reading this post. In fact, most of us want tax free income. Therefore, I have written this post. In fact, there is nothing wrong with the tax planning. The government itself has given many ways to reduce the tax outgo. Among various methods of tax… [Continue Reading]
You can get a tax benefit by investing in the tax saving FD. The FD gives you the tax deduction under section 80C of the income tax act. According to this act, your investment in certain instruments is used to reduce income tax. The amount you invest in these options is deducted from your gross… [Continue Reading]
It is time to think seriously about your tax saving investments. Within 2 months, you have to produce the proof of the investments. However, you may be confused as there are various options to save tax. Every tax saving option has some merits and demerits. However, some of these may be most suitable for you.… [Continue Reading]
House Rent Allowance is very important tax exemption. You can save a big amount of tax using the HRA tax exemption. In this post I am giving you 10 most important facts about the House Rent Allowance Exemption. If you want to dig deep into the tax rules of HRA, You can read the my… [Continue Reading]
The Tax Saving Fixed Deposit gives you fixed return as well as benefit of tax savings. It is one of the 5 most popular tax saving options. The other four are NSC, PPF, ELSS and Term Insurance. Among the 5 most popular tax saving methods, the tax saving FD scores on many fronts. However, It has… [Continue Reading]
Do you know how ELSS is the best tax saving option? Do you know how ELSS is better than insurance schemes, PPF, NSC and Tax saving FD? Let us explore.
The tax free bond. The name of this investment option is very attractive. You get an impression of the bond which relieves you of the tax burden. However, The reality is slightly different. It is not one of the most efficient tax saving options. It does not save tax immediately. It is not like a… [Continue Reading]
Save tax of up to Rs 20,085 through the section 80D. This section gives you tax deduction on the payment of medical insurance premium and health check up.