The tax exemption slab has been increased from 2.5 Lacs to 5 Lacs in the interim union budget of 2019 by the Modi government. How is it going to benefit the nation? Which is the best tax saving investment among NPS, PPF and debt mutual funds?
Which is the best tax saving investment among NPS, PPF and debt mutual funds? Would not taking a tax return help a person's debt? Why does a person need to pay property taxes? What is the homestead tax for? How is a tax exemption filed? Why can't I buy a house even though I ha...
Investment in ELSS funds qualifies for tax exemption under section 80C of the Income Tax Act 1961. From April 2018,long term capital gains tax (LTCG)of 10% was introduced on equity funds. Hence once the lock in period is completed, and during redemption, the gains (if any and above Rs ...
for investments with varying exposure and returns (but you also get an additional tax exemption with NPS).While the return on EPF savings this year is expected to be around 8.5%, the NPS offers multiple asset allocation options and fund managers for its members to choose from...
For example: If a Return of Income for the Financial Year 2015-16 or Assessment Year 2016-17 is filed by the assessee on 28th July 2016 (before the due date of filing of Income Tax Return i.e.5 th Aug 2016), and he later discovers some mistake,he can file a Revised Return of In...
Do I need to pay due income tax before or after e-filing in India? What is the difference between PF (Pension Fund) and NPS (National Pension Scheme)? How much money can I receive from someone without being taxed? If I owe state taxes, can it be taken from my Federal taxes? How ...