Paying Income Tax is really an unpleasant thing to do for taxpayers.You like it or don’t like,you would have to pay the income tax.Only the thing you can do is to reduce that burden by proper tax planning.And your tax planning should not start in last few weeks of month of March.
To make tax saving pleasurable and easy to do,always start tax planning from the start of each financial year.Just calculate your total tax liability for the year using a tax software start saving for tax from the day one. This helps in getting better returns on your saved capital under tax planning .Always try to exhaust all the provisions offered by the income tax rules to save income tax under various sections.
As the financial year nears its end,every individual or investor starts looking for tax saving options. It would be great if they yield handsome returns along with primary requirement of saving tax. Equity Linked Savings Scheme (ELSS) can be a wonderful tool in such case. There are several … Continue Reading
We know how hard it is to make money out of share markets.It takes so much of bearing with the stress of ups and downs in markets,risk of losing invested capital and the pains of research to find a suitable share to invest. When we succeed in making … Continue Reading
Rajiv Gandhi Equity Savings Scheme (RGESS) is an equity based investment scheme for the retail investors.The purpose of the scheme is to offer dual benefit of tax saving along with an investment option to the tax payers.The tax saving under Rajiv Gandhi Equity Savings Scheme is over and … Continue Reading
Finance Minister came out with important announcements regarding income tax last year.Few changes were made to the existing income tax rules which were to be applicable from the financial year 2015 onwards.The news announcement was really like a music to the ears of tax payers with low income … Continue Reading
As the financial year nears its end,every individual needs to submit his Income Tax statement on or before March 31.There are certain deductions and exemptions notified by the Government which you can avail to get the tax relief.For salaried class,they have to submit it in the month of … Continue Reading