income tax Archives - PTIC INDIA

02 May

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. Each of these investment options has different features but one thing in common – tax benefits. Aligning one or more [...]

By admin ELSS, equity fund, Income Tax, PPF, Public Provident Fund, Section 80C, Tax elss, Equity Fund, Equity Linked Saving Scheme, Goverment Fund, income tax, PPF, Public Provident Fund, tax 0 Comments

27 Apr

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 premiums, long-term financial benefits, or their exciting tax savings, term insurance is all the rage. Particularly now, during peak tax [...]

By admin Insurance, Tax, Term Insurance income tax, insurance, MetLife Term Insurance, Term Insurance, Term Plan Cover 0 Comments

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

08 Apr

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 the LTCG tax on stocks. Investors who got a profit exceeding 1 lakh rupees from the sale of a share [...]

By admin Long Term Capital Gains, LTCG, Mutual Fund, Tax equity, income tax, Long Term Capital Gains, LTCG, mutual fund, tax 0 Comments

23 Mar

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 slabs unchanged. Some key changes in income tax are a standard deduction for salaried employees, increase in cess and introduction of [...]

By admin Income Tax, Long Term Capital Gains, LTCG, Tax cess, income tax, Long Term Capital Gains, LTCG, nps, tax, Tax Deduction Services, TDS 0 Comments

22 Mar

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 rush? Do you routinely check your portfolio? Are you confirm about your capital gain tax liability? Are you ensure that [...]

By admin ELSS, equity fund, finance planning, Financial Tasks, Fund, Income Tax, Insurance, Investment, Mutual Fund, Section 80C, SIP, Systematic Investment Plan 15G Form, 15H Form, elss, financial planning, income tax, investment, ITR, Long Term Capital Gains, LTCG, section 80c, sip, Tax Deduction Services, Tax Saving Schemes, TDS 0 Comments

01 Dec

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 types of NPS accounts – Tier I and Tier II. The Tier-I account is non-withdrawable till the individual achieves the age [...]

By admin National Pension Scheme, NPS budget 2017, income tax, national pension scheme, nps, pension 0 Comments