Category: Tax Planning

There is a misconception in all individuals including salaried employees whose tax liability after deduction of their TDS during the financial year is more than Rs10,000 hence, they are not liable to pay advance taxes. They sit relax on that TDS has to be deducted by their employers on their salary earned during the financial […]

You must have bank fixed deposits with your bank as bank fixed deposits are amongst the safest avenue of investments. But, have you ever checked, exact how much return you would get when those matures. We often know the fixed rate of interest per annum, say 8% or 9%, but you may not know how […]

Today, professional companies do not engage on the basis of what will you get take-home salary but your cost to company (CTC), the money what they will spend on you. So, let’s first understand what constitutes CTC? Though, the CTC has no clear standard definition and varies from company to company but it can contain […]

Since inception of birth, your mom and dad are always there to protect you, even if you feel independent. Now, thanks to your parents, they will be again there to help you indirectly by letting you save more tax. They can bring down your tax liability in various ways, provided they are in a lower […]

For many tax planning starts as well as ends with Section 80C – which enunciates investment instruments for tax saving. But investing only in these investment instruments would not lead to optimal reduction of your tax liability. Our Income Tax Act, 1961 also considers the humane side of our life and also gives deduction for […]

This article would enable you to effectively invest in tax saving instruments, in order to optimally reduce tax liability; and this is seen as one of the most sought after sections when it comes to tax planning. It offers a host a popular investment instruments mentioned below which qualify for a deduction under Section 80C […]

Bond is a debt instrument in which an investor loans money to an entity (corporate or governmental) that borrows the fund for a defined period of time at a fixed rate. Tax-free bonds: One should not confuse tax-free bonds with infrastructure bonds, which enjoy tax deduction under Section 80CCF which have already been discontinued from […]

March is always a hectic month for many salaried tax-payers and concentrate all their energy into tax savings. They spend a lot of time in searching of the financial products in which they could save more tax because of their obsession with Tax saving as primary motto. Most of them, however fail to note that […]