Why PM Narendra Modi wants India to dump a 150-year-old financial habit

Among the many things Prime Minister Narendra Modi is likely to talk about in his fourth Independence Day speech this month is a proposal to change a 150-year-old practice that goes behind fixing India’s Budget and much of your financial planning. He may push for a January-to-December fiscal year instead of the current financial year […]

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Lalwani can cut tax by Rs 1.6 lakh via pay structure revamp, NPS

Bengaluru-based IT professional Jitesh Lalwani pays a very high tax because his salary structure and investments are tax inefficient. Taxspanner estimates that Lalwani’s tax can be reduced by nearly Rs 1.6 lakh if the pay structure is rejigged, he saves more for retirement and buys health insurance for his family and his mother. Lalwani should […]

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Beyond a simple retirement option: How to save taxes through NPS

When you plan your taxes for the next fiscal, consider subscribing to the National Pension System (NPS). It not only helps you build a retirement corpus, it can also help you save an additional ₹15,450 in yearly taxes. Here’s how. What is NPS? NPS is a market-linked and defined contribution pension plan that needs you […]

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Planning to change your job? Here are some money tips for you.

While changing jobs you must ensure that get all your pending salary dues along with gratuity dues, if any. One should also consider tax implications on issues such as premature withdrawal of PF accumulation. Are you looking for a job change or already in the process of joining a new company? Job change is a […]

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Why Salaried Verma Should Get Employer To Stop HRA, Save Tax

Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax. Here is what he means when he says “stop HRA, save tax” Sujeet Verma pays almost 10% of his take-home pay in tax because his salary structure is not tax-friendly. Though his company does not allow […]

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