Posts Tagged: tax planning

Tax Club

Which ITR Form Should I File?

Taxes! The word itself can conjure up feelings of dread and confusion. But fear not, fellow reader, as I am here to help clear the air. Filing your taxes isn't just a yearly ritual; it's an important step that contributes to your benefit and the nation.

Tax Club

Are You Managing Your Taxes Right? Quick Steps to Do It.

Human life is a mixture of contradictions. Let's think about salaried individuals for a moment. Making less money can be a bummer, but we grumble about taxes when we receive a raise. 😅

Stock Market

3 Tax-Saving Categories You Should Invest In

People earning above ₹3 lakh per year have a duty to follow. Yes, I am talking about paying taxes. This duty is mandatory for being a citizen of the nation and is essential for the well-being of the country as a whole. I mean, taxes build roads, schools, and many of the cool places we all love to visit. 🛣️

Mutual Funds

Benefits and Drawbacks of Investing in Tax-Saving MF

Individuals wishing to reduce their tax burden while potentially receiving favourable returns may find Tax-Saving Mutual Funds (MFs) to be an appealing choice. These funds, often categorised as Equity Linked Savings Schemes (ELSS), provide both tax benefits and market exposure. However, before entering into this investment option, it is critical to understand its pros and cons.

Your Money

The Role of a Financial Advisor In Personal Finance

Figures, charts, financial ratios, and multiple calculations, the realm of finance can be complex most times. Amidst all the complications stands an individual with expertise in everything finance. These perfectionists are like a beacon of light, showing hope to citizens who wish to realise their dreams and plans for the future. 🌄

Tax Club

Tax Saving Schemes & Investment: Don't let the Government Loot you!

All of us work with immense dedication, face Monday blues, toil overtime and put up with our khadoos bosses. Why? Kya karein paapi pet ka sawaal hai! And after so much hard work, what do we get? Peanuts! That’s not even the worst part. Letting go of our hard-earned money as taxes is what kills us the most.

Your Money

Taxation and Benefits of NRE Account

Until a few years ago, individuals outside India found it hard to send funds home due to several paper checks and long transfer periods. However, with modern NRI accounts, they can easily save and transact money in international currencies and invest in India easily. NRI accounts serve numerous purposes, such as saving money earned abroad or in India, investing in various opportunities, and making money readily available for your family. An NRI or a PIO (Person of Indian Origin) can open NRO and NRE accounts for convenient and easy fund transfers to and from India.

Tax Club

Income Tax E-Filing: Everything You need to know

Kids often want to go on vacation in July, right when people have to submit their taxes, right? So what do you do? You can’t skip paying your taxes, not legally, at least! Skip the vacation, and you will never hear the end of it! If only there was a way to do both.

Tax Club

Property Tax: Definition, Methods & How to File?

The other day on my way back home, I peeked into the screen of a person who was sitting beside me. He was unhappily searching about property tax and struggling to understand what it is.

Tax Club

HRA: Exemption, Deduction, Calculation and more.

I feel like a child whose mother has made a delicious chocolate cake, and as soon as the child is about to gorge on it, all the other siblings start putting their spoons in it. In the end, the child is left with a few slices.

Your Money

Income tax rebate under section 87a? Working and Eligibility

Even though they are unavoidable, we look for ways to avoid paying taxes. Every taxpayer tries to minimise their tax liability, but people do not educate themselves well enough. Though there are several ways to reduce a taxpayer's burden, the Government of India provides all citizens with a helpful resource – rebate u/s 87A of the Income Tax Act, 1961. In the current state of things, it is as if the Government is a shopkeeper that wants to give people a discount, but people are too frantic to listen and pay more than necessary.

Tax Club

Tax Benefits under Section 80C of Income Tax Act

In a bid to entice citizens to invest in various avenues, the Government allows deductions while computing Income Tax. The most popular ones are covered under Section 80C.

Posts Tagged: tax planning

Which ITR Form Should I File?

Are You Managing Your Taxes Right? Quick Steps to Do It.

3 Tax-Saving Categories You Should Invest In

Benefits and Drawbacks of Investing in Tax-Saving MF

The Role of a Financial Advisor In Personal Finance

Tax Saving Schemes & Investment: Don't let the Government Loot you!

Taxation and Benefits of NRE Account

Income Tax E-Filing: Everything You need to know

Property Tax: Definition, Methods & How to File?

HRA: Exemption, Deduction, Calculation and more.

Income tax rebate under section 87a? Working and Eligibility

Tax Benefits under Section 80C of Income Tax Act

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