If the terrain is very rough, it helps if the vehicle has a 4x4 turbo drive. Similarly, your tax planning can ride over unforeseen rough conditions if you follow these practices while submitting your investment declaration. Here’s how to give your investment declaration the 4x4 advantage and turn the annual ritual into an effective tax planning tool. I. Who should submit the … [Read more...] about 4×4 Power for your tax planning
How Salary Restructuring Helped in Saving Tax?
Bengaluru-based software professional Kiran Manjrekar earns a handsome salary, but almost 20% of it goes into tax because his pay structure is very tax unfriendly. Taxspanner estimates that Manjrekar can save more than Rs.1.25 lakh in tax if his company agrees to give him some common tax-free perks and also extends the NPS benefit to its employees. The only tax-free … [Read more...] about How Salary Restructuring Helped in Saving Tax?
30 Things that Tax Optimization Can Do for You
Tax Optimization comprises of answers to the below-mentioned questions Why and how you should structure the CTC? Why and how you should plan for taxes in case of job change? Why and how you should plan 80C investments for next 5 & more years? Why and how you should avoid the car and personal loans? Why and how you should plan for life insurance? Why and how you … [Read more...] about 30 Things that Tax Optimization Can Do for You
The budget changes tax laws every year. Do you change to take full benefits?
Change is not easy in the beginning but it becomes so after you correct financial beliefs. You are waiting for the Budget 2021 for tax reliefs as if they are going to change your financial decisions. But the fact is very few actually understand correctly and remember the tax benefits given to taxpayers in past budgets. We do take financial decisions based more on emotions … [Read more...] about The budget changes tax laws every year. Do you change to take full benefits?
Steps by step guide to e-File Your ITR
In this blog Tax Spanner team will take you through all the steps in filing ITR. Before we get started, you should keep the following documents handy to complete the process smoothly: PAN CardAadhaar CardBank account detailsForm 16 & 26ASInvestments details Step 1: Log in to my account on taxspanner.com Step … [Read more...] about Steps by step guide to e-File Your ITR
