tax saving

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Taxation on mutual funds and what you should know about it?

Gains from mutual funds have an aspect of taxability to them. Here’s what you should know.

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Aadhaar linking with PAN now mandatory for filing Income Tax…

The Supreme Court’s ruling makes linking of PAN and Aadhaar mandatory for filing IT returns. How this linking is done and why it is necessary, along with the effects and the provisions of the Act it relates to.

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11 Financial mistakes that Indians commonly make

We Indians have traditionally been conservative about money. We love to put away our money under mattresses, in almirahs and what not. But this also makes us lose our money. Find out how.

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  • Views : 24874

What are tax-free bonds and how they work

Here’s everything you need to know about tax-free bonds and how to choose the best bonds to add to your portfolio

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  • Views : 5244

Everything you need to know about the GST return forms

The dust has more or less settled down on the Goods and Services Tax (GST) with people becoming aware of its broad implications. Now come the questions on the ‘hows’ and the ‘whens’.

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  • Views : 4272

6 Income sources that do not attract tax

Have a look at six income sources on which an individual doesn’t need to pay income tax.

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  • Views : 14773

What you must know about HRA to ensure it is not rejected

HRA is a popular way for salaried individuals to save on taxes. But there are certain dos and don’ts you must ensure to prevent your HRA exemption from being rejected

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  • Views : 8645

Tax-saving components of your CTC

While an increased CTC is always a wonderful thing, it can also mean increase tax liability. Fortunately, there are ways to reduce your taxes

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  • Views : 5421

Should you stick to the old tax regime or move to the new on…

Finance Minister Nirmala Sitharaman had announced a new regime for personal taxation while presenting the Union Budget. Minor changes have been effected in the tax brackets, and individual tax payers now have the option to continue with the existing tax structure or shift to the new slabs for FY 2020-21. With the new tax regimen, the central government has further sub-categorised income slabs, primarily for those declaring incomes between Rs 5 lakh and Rs 15 lakh. For many working professionals, it augurs well to take advantage of the various deductions and exemptions that can significantly reduce their taxable income. However, the new concessional tax regime that was announced in the Budget 2020 comes with a cost. Read this premium article and find out which one will benefit you.

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  • Views : 861

13 Income components exempted under the new tax regime

The new tax regime has dropped several deductions and exemptions, but there are some incomes that will remain tax-free.

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  • Views : 123777