Income & Investments

The Sovereign Gold Bonds scheme that opens on 24 April is a golden opportunity for those wanting to invest in the precious metal. Resident Indians, HUFs, Trusts, Universities and Charitable Institutions can apply. Here are five reasons why you should go for these bonds. Just like gold but no making charges: The bonds are linked to the price of gold so investing in these bonds … [Read more...] about EIGHT reasons to invest in the Sovereign Gold Bonds

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 ask his company for reimbursement … [Read more...] about Lalwani can cut tax by Rs 1.6 lakh via pay structure revamp, 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 to keep contributing till the age of 60. The minimum annual … [Read more...] about Beyond a simple retirement option: How to save taxes through NPS

Chennai-based S. Veeraswamy pays almost 12.5% of his income in tax because his salary structure is not tax friendly. However, his employer does not allow changes in the structure so there is very little wiggle room for him to save more tax. Even so, Taxspanner estimates that Veeraswamy can reduce his tax by over Rs 42,000 if the pay structure is rejigged, he saves more for … [Read more...] about Tax Optimizer: How NPS, study loan can help Veeraswamy save tax