Tax Saving Schemes other than 80C you should explore How to calculate advance tax? Several factors go into calculating an individual’s advance tax. These include their net taxable income, income tax, surcharge, education cess, secondary and higher education cess, their total tax liability, relie...
With Paytm Money, invest in ELSS mutual funds & save taxes under section 80C of Income Tax. Choose from top performing ELSS tax saver schemes of 2024.
1.5 lakh will be exempt under the Income Tax Act under Section 80C. An excellent investment option that can offer both high returns as well as a tax-saving option. Long-term capital gains on ELSS are tax-exempt up to Rs. 1 lakh if held for greater ...
Notably, popular tax-saving avenues such as Public Provident Fund (PPF), Unit Linked Insurance Plans (ULIPs), Equity Linked Savings Schemes (ELSS), and medical insurance premiums are not eligible for exemptions under the new regime. Additionally, allowances like House Rent Allowance (HRA) and L...
ELSS scheme is an excellent option to grow your money and save tax simultaneously. There are other tax saving options as well likePPF Vs ELSSorNPS vs ELSS, etc. But with regards to ELSS schemes, you may question as towhich is better for ELSS lumpsum vs SIP. But for most investors, SI...
In simple terms Equity linked saving schemes (ELSS) are those which provide the investor, tax exemption/rebates under section 80C. Under this section, a tax payer can get exemption up to Rs 1 lakh by investing in various investment options like PPF, ELSS, Tax saving FD, NSC etc., However...
Leverage tax-saving instruments for investments, like Equity Linked Tax Saving Schemes (ELSS) or Unit Linked Insurance Plans (ULIPs), rather than FDs (Fixed Deposits) whose interest is taxable Protect your investments from currency fluctuations through hedging strategies or foreign currency accou...
Such deductions are available u/s 80C, 80CCC, and 80CCD. This guide talks about section 80CCD. This section provides tax deductions for contribution to the pension schemes ... INCOME TAX A QUICK GLANCE ON IMPACTED THE ECONOMY & TAXATION ON BUDGET 2018 RJA 01 Feb, 2018 Arun Jaitley ...
Saving Bank Account:Do you know how interest is calculated and more Paying Income Tax : Challan 280 Unrecognised Provident Fund (UPF) is not recognised by the Commissioner of Income Tax. The employers and employees start these schemes.
Deductions under 80C up to limit of 1.5 lakh are available to Senior Citizen just like any other resident individual. This includes Life insurance premium, contribution to Public Provident Fund or Provident Fund, Investment in Equity Linked Savings Schemes (ELSS) of mutual funds, Home loan principa...