Income & Investments

Budget 2017 May Hike Capital Gains Tax on Stocks-Likely Changes

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Capital Gains - Panic gripped the stock markets last week following Prime Minister Narendra Modi’s assertion that gains from the capital markets are getting away with the low tax. Finance Minister Arun Jaitley hurriedly clarified that Modi’s statement should not be construed as an intent to impose long-term capital gains tax on equities. Even so, there is intense speculation … [Read more...] about Budget 2017 May Hike Capital Gains Tax on Stocks-Likely Changes

Which Tax Saving Investment Is Best Suited For You To Save Tax?

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The type of tax saving investment one chooses should depend a lot on the risk profile, age, and fund availability as well as income bracket of an individual. As the financial year enters its last quarter, you would be drawing up your final investment plans for tax-saving purposes. You will have time until March 31, 2017, to make your tax-saving moves even if you have made your … [Read more...] about Which Tax Saving Investment Is Best Suited For You To Save Tax?

Be Tax-Wise When Investing in Stocks to Maximise Gains

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(As published in ET Wealth on December 12, 2016) Short-Term And Long-Term Capital Gains From Stocks Nearly every investor knows that short-term capital gains from stocks get taxed at 15%, and long-term capital gains are tax-free. But not many investors are aware of the other tax benefits and regulations. For instance, short-term losses from stocks can be adjusted against … [Read more...] about Be Tax-Wise When Investing in Stocks to Maximise Gains

Here’s How your Employer Can Help you Save Tax

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(As published in ET Wealth on December 5, 2016 and Times of India on December 12, 2016) Over the next few weeks, companies across India will start collecting investment proof from employees to calculate the TDS on their salaries. This statutory obligation has become an annual ritual over time, and most companies treat it as a compliance cost. However, a company with a … [Read more...] about Here’s How your Employer Can Help you Save Tax

Narkhede can cut tax by investing in NPS, buying health insurance

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Swapnil Narkhede earns well, but pays a very high tax because his salary structure is not very tax friendly. Taxspanner estimates that the Mumbai-based engineer can cut his tax by nearly Rs 45,000 if he puts more into the NPS and buys health insurance for his family. Narkhede should ask his employer to put 10% of his basic pay in the NPS under Section 80CCD(2d). If Rs 98,400 is … [Read more...] about Narkhede can cut tax by investing in NPS, buying health insurance