Tax Refunds

SWPs : Great Value for a Tax Free Retirement

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View quick summary Mutual fund’s Systematic Withdrawal Plan (SWP) offers great value in terms of tax free monthly expenses after retirement. Systematic withdrawal plan is the opposite of system investment plan (SIP). You can receive commuted pension at retirement and put the money in SWP. It is convenient to manage SWP through ATMs / internet as compared to NSC or post office … [Read more...] about SWPs : Great Value for a Tax Free Retirement

India Tax Ratio Report 2011

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After the unprecedented success of the 2011 edition of our handbook, “Tax Planning for Salaried Employees,” TaxSpanner is pleased to release the first edition of ‘India Tax Ratio Report.’ The aim of this report is to identify tax-paying and returns-filing patterns of the salaried individuals in India. The research conducted is secondary and analytical in nature. Internal data … [Read more...] about India Tax Ratio Report 2011

How India Files its Tax Returns – Trends

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View quick summary According to a study conducted by TaxSpanner, here are some interesting trends amongst Indian taxpayers: ITR Filing Patterns of Salaried Individuals In India: Late filing doesn’t reflect complexity in the financials of the late filers. Around 96% of late filers had no other income except salary. Bangalore leads in terms of late fliers at 39% followed by … [Read more...] about How India Files its Tax Returns – Trends

Reduce Tax Liability through Donations!

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View quick summary Reduce tax liability by making donations under Section 80G! Under this section you can claim deduction if you have made a donation to an approved fund or a charitable institution, such as, Prime Minister’s Relief Fund, National Children’s Fund, or CRY. This deduction is over and above other deductions such as 80C. Some donations, like those to Prime … [Read more...] about Reduce Tax Liability through Donations!

eFiling – A Win-Win Proposition: A Case Study

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View quick summary This case study on the value proposition of eFiling was conducted by Aon Hewitt in association with TaxSpanner.com. The Problem Statement: July is one of the busiest months for all employees not because they are working hard but because they are all tied up with filing their tax returns. In majority of cases, either the employees submit their tax returns … [Read more...] about eFiling – A Win-Win Proposition: A Case Study