Although the Budget did not propose any major changes on the tax front, the move to shift the base year for computation of indexed cost of acquisition of an asset could have an impact for investors. However, the impact would differ across assets that enjoy indexation benefit on long term capital gains real estate, unlisted shares, gold and bond funds. Here's a look at the … [Read more...] about Budget’17 shifted indexation calculation base to 2001. Who gains?
Income & Investments
Khanna can cut tax outgo by 90% by investing in tax saving instruments
Aaryan Khanna, 26, has just started working and is totally clueless about tax matters. Though his salary structure is very tax-friendly, his company has already deducted a lot of tax because Khanna has not made any investments under Section 80C other than the mandatory contribution to the Provident Fund and a life insurance policy that his father made him buy. Taxspanner … [Read more...] about Khanna can cut tax outgo by 90% by investing in tax saving instruments
Trusted by the Most Trusted – SBI Prefers TaxSpanner
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Salaried Vaz can cut tax outgo by investing in NPS
Dilip Vaz does not have too much scope to reduce his tax because his employer does not allow tweaking of the pay structure. Taxspanner estimates that he can bring down his tax by around Rs 8,652 if he invests more for retirement and buys medical insurance for his family. Vaz should invest Rs 50,000 in the NPS under Section 80CCD(1b). This will reduce his tax by Rs 5,150. He … [Read more...] about Salaried Vaz can cut tax outgo by investing in NPS
Link Your Tax Saving Plans with Your Goals
Calculate your tax liability before investing. Also, tax saving should be incidental and not the primary objective for investing in a particular product. The idea of saving more taxes sounds attractive to everyone, but few plan for it. Usually, most people look for investment avenues that provide tax benefit in the last 3 months of the financial year. Keeping tax saving as the … [Read more...] about Link Your Tax Saving Plans with Your Goals
