Tax Refunds

Why you could be paying more tax

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View quick summary According to a study conducted by TaxSpanner, the following are the top 5 reasons why you could be paying more tax than your peers: 1. Ignoring HRA exemption Hari and Nari live with their parents. Both work in the same office. They also get the same salary. However Hari pays more income tax than Nari. Why is that? It’s because, Hari pays household expenses to … [Read more...] about Why you could be paying more tax

How India Pays its Tax – Trends

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View quick summary A study conducted by TaxSpanner brought up some interesting tax paying trends amongst Indian taxpayers: 1. Gender: The Gender based Tax Ratio Composition indicates that females (Average Income = Rs. 5L) are paying lesser tax than males (Average Income = Rs. 6L) due to lower tax slabs and better investments. Percentage of females having “0%” and “upto 5%” … [Read more...] about How India Pays its Tax – Trends

Celebrate@TaxSpanner !

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Manoj sir's birthday party was a romantic experience. In the celebration were 2 couples: Ankur sir and his wife, Rita ma'am and Manoj sir with his wife, Richa ma'am. And adding pulse to the romantic air were the voices of Team TaxSpanner. Here are some glimpses of those beautiful moments caught on camera. … [Read more...] about Celebrate@TaxSpanner !

What is ULIP?

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View quick summary Almost 70% of all insurance policies are bought in the last three months of a financial year. This indicates that many of these plans have been bought with the sole purpose of tax saving. Majority of buyers don’t care what they are buying as long as it helps them save tax. If you are such a tax payer, be careful when you buy a ULIP. Tax payers must understand … [Read more...] about What is ULIP?

Real Estate is the Best Investment

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View quick summary Real estate is the best of all investments for all investors, at any age. Read on to see why: • Home is a basic need further sweetened by tax benefits and lower rate of interest. • Do not be influenced by any preconceived notions and be a proud owner as soon as possible. • Buy it with loan, its financial prudence. You don’t need to either put all your money … [Read more...] about Real Estate is the Best Investment