Since the act of tax-saving remains a key psychological tussle faced by most employees, aid in that direction can work wonders for the organisation’s ecosystem. Here are 5 legally backed tax tips that should empower your workforce to save significantly more: #1 House Rent Allowance [Section ...
Gift-Tax Saving Tips If property has already appreciated significantly, then it is better to leave it as part of the estate, since it will receive a stepped-up basis. Give rapidly appreciating property to beneficiaries at the beginning of the year so that the appreciation is not included in ...
Welcome to India’s First Financial Helpline. We provide you an opportunity to save an amount of up to Rs. 41,715 on income tax that one has to pay. Call Us or Apply Online on our number and get advice on the various tax saving investments available for deduction under Section 80C ...
Fixed Tenure:The fixed tenure of these deposits aligns with the interest payout options, allowing investors to plan their finances accordingly. Whether you choose to receive interest periodically or at maturity, understanding the tax saving fixed deposit interest rates in India is crucial for maximizin...
Avoid Tax on Cryptocurrency: Tips to Save Crypto Tax India The following is some of the greatest advice to avoid tax on Crypto: Source: Vakilsearch 1. Keep your Cryptocurrency for the Long Haul In the case of cryptocurrencies, you should always aim for a long-term capital gain rather than...
Fun Fact: Einstein did not understand taxes. He was an expert in theoretical physics.Read more about tax saving mistakes to avoid in 2020. What Are The Tax Implications? The tax rules and regulations are different for both countries. But fortunately, India and the US have a Double Tax Avoid...
The article offers tips on complying with tax laws in India. Electronic filing (e-filing) has allowed taxpayers to avoid taking a day's leave from work to submit their income tax returns. An IMRB International-ICICI Prudential survey on tax behaviour revealed that 50% of respondents were ...
There has been low-Income Tax filing Compliance in India. However, in recent years, the Govt. of India has taken some stringent measures to enforce the Income Tax Law by linking various benefits for prompt tax filers. Advantages of tax filing are, but not limited to: ✔ Processing of ...
Growth in China and India is poised to decline this year and next. If you want to know why the IMF’s predictions should be ignored, go back to 2020 and 2021 to see whether the IMF correctly warned about bad monetary policy leading to big price spike in 2022. Now let’s look at ...
Sukanya Samriddhi Account:This type of account is offered in India and is specifically designed to promote savings for the education and marriage expenses of girl children. The interest earned in a Sukanya Samriddhi Account is tax-exempt, and contributions made to the account are eligible for tax...