Tag - income tax

Factors Which Help You To Decide How Much Insurance You Require

Factors to help you decide how much insurance you require?

With the changing times, just taking health insurance is not sufficient, choosing the right one is. Advancement of technologies and medical facilities are skyrocketing & different insurance policies provide with lucrative policies. which makes it crucial to choose the one policy that fits you the best. Here are a few factors that need to be kept in mind. While you [...]

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What you can do if you have missed the last date of Income Tax Return Filing

What you can do if you have missed the last date of Income Tax Return Filing

The last date of the Income Tax Return Filing was 31 August. CBDT (Central Board of Direct Tax) had extended the last date from 31 July to 31 August 2018. But if you have missed the extended date of ITR (Income Tax Return) filing, you can still file your return. However, there are some points you need to understand [...]

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Comparison between ELSS Funds and Public Provident Fund

Comparison between ELSS Funds and Public Provident Fund

If you are looking to make some investments to save tax, then you would have most certainly come across Section 80C of the Income Tax Act. This section offers a tax deduction for investments made in certain financial instruments like Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF), Tax saving Fixed Deposits (FD), National Pension Scheme (NPS), etc. [...]

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What is this buzz about term insurance

What is this buzz about term insurance?

What is this buzz about term insurance? In India, most people either familiar with Life Insurance or insured with various policies in their name. All through this range of interest for insurance, Term Insurance plan is popular among them. Providing a low-cost track to financial security, term insurance policies sell like icecreams on a hot day. Be it their affordable [...]

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All you need to know about Long Term Capital Gain (LTCG) Tax

All you need to know about Long Term Capital Gain Tax

What is long-term capital gains (LTCG) tax? LTCG is a tax paid on profit generated by an asset such as shares, equity, real estate or share-oriented products held for a particular time-period. The meaning of Long-term Capital Gains, or LTCG, is diverse for different items. Why is LTCG tax in the news now? In the Budget of 2018, Finance Minister Arun Jaitley, re-introduced [...]

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Changes in Income Tax Law come into effect from April 1, 2018

Changes in Income Tax Law come into effect from April 1, 2018

Changes in Income Tax Law come into effect from April 1, 2018. Finance Minister Arun Jaitley proposed various income tax changes in the Budget 2018.  These changes will come into effect from April 1, 2018. These tax changes will impact on many taxpayers in a number of ways. However, he has kept the basic income tax rates, exemption and the [...]

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Financial tasks you should complete before financial year 2018-19

Financial tasks you should complete before financial year 2018-19

Financial tasks you should complete before financial year 2018-19. The beginning of the Financial Year 2018-19 can be the best time to check out your belongings.  Yet, before that, there are few questions we will ask you. Same as the general population, are you leaving tax planning to the last minute and investing in wrong instruments because of the year-end [...]

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income tax benefits from national pension scheme

Income Tax Benefits from National Pension Scheme

Income Tax Benefits from National Pension Scheme The government announced income tax benefits for investing in National Pension Scheme. Both salaried, as well as self-employed individuals, get these benefits on investing in NPS. NPS is also partially tax exempt on maturity. NPS is a retirement savings scheme, which enables an individual to accumulate savings during his working life. There are two [...]

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