Under Section 80C, you can avail deduction up to INR 1.5 lakhs by investing into various tax saving instrument. For higher tax bracket salaries, individuals can save up to INR 45,000 by investing into tax saving instrument. Investing in Life Insurance Premium, Provident Fund, Equity Linked Savi...
Advance tax is one of the major tools used by the Govt. to collect tax from the assesses all over India. This prepaid form of tax is designed in such a way that an assessee is made to pay tax to the Govt. in a ‘Pay as You Earn Scheme’. This mainly aims at reducing the last...
How does one calculate now what would be a good saving to meet post retirement needs? The ideal amount one can put aside towards saving for retirement would be 10% of the take-home salary. This amount can grow into a substantial amount at the time of retirement. This is also the ...
If you have received any portion of your salary in arrears or in advance, or you have received family pension in arrears, you can avail some tax relief under section 89(1) read along with Rule 21A. Calculate Relief under Section 89(1) Before you file form 10E to get tax relief, you ...