(As published in Time of India on December 5, 2016) Nearly everybody thinks that he pays too much tax. But in most cases the taxpayer does not make the best use of the tax benefits avaliable to them. Sudhir Kaushik of Taxspanner tells readers how they can restructure incomes, investments and expenses to optimise their tax. Though he earns well, Surender Kumar pays a very high … [Read more...] about Tax Optimizer – Home Loan, NPS Cut Tax BY Rs 82K
Tax Optimization
Noticed Huge Taxes? Save Now!
Did You Just Notice The Huge Amount Of Taxes Being Paid By You In This Financial Year? Though a lot of time has already elapsed, you should not wait anymore to save taxes this year. With proof submission activity around the corner, this is the right time to work upon your tax savings for FY 2016-17 and accordingly plan your investments even beyond Section 80C. And that too … [Read more...] about Noticed Huge Taxes? Save Now!
How Delhi Based Kumar Can Save Rs 82,000 Tax by Using Home Loan Tax Break, Investing in NPS
(As published in ET Wealth on November 7, 2016) Surender Kumar pays almost 10% of his income in tax. Although he has a taxfriendly pay structure, Taxspanner estimates that the Delhi-based manager can cut his tax by nearly Rs 82,000 if he utilises the tax benefit offered on his home loan and puts more into the NPS. Kumar has just got possession of his flat in Greater Noida, but … [Read more...] about How Delhi Based Kumar Can Save Rs 82,000 Tax by Using Home Loan Tax Break, Investing in NPS
How home loan, NPS can help cut salaried Agarwal’s tax outgo
Ashish Agrawal pays a high tax because his salary structure is not very tax friendly. His employer also does not allow any changes in the structure. TaxSpanner estimates that Agrawal's tax can be cut by almost 33% if his company makes small tweaks in the salary and he claims tax benefits on his home loan. Agrawal should ask his company to reduce his special allowance by Rs … [Read more...] about How home loan, NPS can help cut salaried Agarwal’s tax outgo
Which Tax Saving Investment Is Best Suited For You To Save Tax?
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?
