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]
Sukanya Samriddhi Account is a saving scheme for the girl child. The government has started this scheme to promote saving among the middle class. This scheme has a purpose, therefore, it carries greater motivation. The government has started this scheme under Beti Bachao, Beti Padhao Banner. Sukanya Samriddhi Account gives an interest rate of 8.3% in the year… [Continue Reading]
You can save tax in India, only you need to know the ways. In this post I am discussing 10 best tips of tax saving In India. Learn and enjoy the big profit
PPF is one of the most popular tax saving investment. But do you get handsome interest on it except tax saving? Is there any risk associated with the PPF interest rate? how can you calculate interest on your PPF investment? Let us dig it out. but before that let us learn about the PPF in brief.… [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.
With the start of earning professional tax is the first tax you have to pay. Income tax may delay but not the professional tax. What is this professional tax let us learn in detail.
PPF or Public Provident Fund Account is a small saving account for everyone. The government of India operates this scheme. PPF account usually gives better interest rate than bank fixed deposit. The deposit in PPF account also saves tax under section 80C of the income tax act. You can open PPF account in a post… [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.
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.