But let me remind you that equity is best suited for long-term. Like for periods exceeding 5 years. The money is locked for only 3 years in an ELSS fund. But even if the lock-in gets over after 3 years, you shouldn’t withdraw the funds and remain invested for as long as you don...
Retirement Planning:Retirement planning aims to secure financial stability in later years by allocating funds through retirement accounts, pensions, and diverse investment vehicles. It involves smart financial decisions to build a robust foundation for the post-employment phase. Investment Planning:Investment...
1961 allows tax exemptions for investments in options like Unit Linked Insurance Plans (ULIPs), Public Provident Fund (PPF), and Equity Linked Savings Schemes (ELSS). These investments can reduce your taxable income, leading to lower tax bills. ...
Ans. Yes, you can invest in tax-savings till 30 Jun 2020 for both FY19-20 & FY20-21. You will just need to ear-mark each. And give self-declaration.You cannot use the same investment for both the years. Does that mean Dividend received till 30th Jun will be non-taxable in Individ...
to salary to meet some service requirements such asDearness Allowance(DA), House Rent Allowance (HRA), Leave Travel Assistance(LTA) , Lunch Allowance, Conveyance Allowance , Children’s Education Allowance, City compensatory Allowance etc. Allowance can be fully taxable, partly or non taxable. ...
3. Yes, they will be taxable. 4. Yes. Thanks. Sahar SharmaFebruary 1, 2016Reply I lived in the US as a F-1 student for 8 years and had a stipend received from the University for the first 6. Since IRS rules made me a US Tax Resident after 5 years, in year 6 and 7 I filled...