Posted in Save Tax

Tax optimiser: NPS, perks can help Yadalam reduce tax outgo by Rs 87,000

Bengaluru-based software professional Rakesh Yadalam earns a good salary and rental income, but a good chunk goes in tax because his pay structure is not very tax…

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Keep gold receipts safe for income tax purposes

Gold purchases are generally high-value transactions and it makes sense to save the receipts. You may want to refer to them later to confirm the…

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You can save tax on up to Rs 17,000 savings account interest: Here’s how

Most people are aware that they can claim a deduction of up to Rs 10,000 from income to reduce tax payable under section 80TTA on the interest…

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Can laid off employees save tax on their severance pay?

My company shut down suddenly. I was offered a severance package equal to two years’ CTC. The entire amount is going to be taxed at 30%. Is…

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Best mutual funds to invest: Top 10 MF schemes that can save tax for you too!

Best Mutual funds: Equity-Linked Savings Scheme or ELSS is a type of open-ended equity mutual fund. ELSS invests in equity and equity-related securities of companies….

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How To (Successfully) Change Your State Domicile To Save On Taxes

The Trump Tax Plan (aka Tax Cuts and Jobs Act or TCJA) was supposed to make filing taxes simpler and cut the tax bills of…

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Tax saving schemes at Post Office: These 5 options can save up to Rs 1.5 lakh

New Delhi: India Post, the state-owned banking-to-postal conglomerate, offers various services for online, as well as, for offline customers coming from the remote locations where the…

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Have Money to Invest? Want to save lots of income tax? Then do THIS!

PPF vs NPS: National Pension Scheme (NPS) is basically known as a retirement-oriented savings tool among the millennials. But, ground zero report is different. Majority…

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Save tax and earn interest too

Why capital gains bonds are safe and rewarding If you plan to sell your house or a plot of land, make sure you have a…

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Is CPSE ETF a good tax-saving option under ELSS category?

Budget 2019 has proposed to include exchange-traded funds (ETFs) investing in central public sector enterprises (CPSEs) in the Section 80C bucket under the equity-linked savings scheme…

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