Everyone wants to save more, and create a financially stable future that covers every expense even without a regular source of income.
Learn why tax planning is crucial for long-term investments. This guide explores tax-efficient strategies that can optimize returns and reduce liabilities over time.
This comprehensive guide explains everything you need to know about ELSS mutual funds, including tax benefits under 80C, lock-in period, risks, and investor suitability.
Understand the concept of Angel Tax, its impact on startup funding, and how it influences investments from angel investors. Learn more with India Infoline.
Patta Chitta is a land ownership record kept by the Tamil Nadu government. Learn more about Patta Chitta and its importance in this quick guide by India Infoline.
Everyone wants to save more, and create a financially stable future that covers every expense even without a regular source of income.
Taxes play a crucial role in a country's economic growth. Know the key differences between direct and indirect taxes, along with their benefits and drawbacks.
STT is levied on purchase or sale of securities that are listed on the Indian stock exchanges. This would include shares, derivatives, or equity-oriented mutual funds units,
What’s one popular investment avenue for achieving financial goals? It’s none other than mutual funds. One of their main advantages is their tax efficiency. But investors who overlook the tax implications may not be making the most of their investments. Jump into this informative guide to explore details about tax on mutual funds. Understanding How They are Taxed So, is mutual fund income taxable? Like […]
to risk appetite and return expectations, many aspects influence the decision to choose an appropriate avenue. Among the plethora of avenues for investments, Fixed Deposits (FDs) and the stock market stand out as popular choices. Let us consider FD vs stock market to determine which would be the right option for you. An Overview of Fixed Deposits FDs involve depositing a specific amount of money […]
An advance tax meaning is pay-as-you-earn plan, is simply paying tax obligations ahead of time at the end of a fiscal year. It is due when a person’s tax liability in a given fiscal year reaches Rs. 10,000. Notably, this type of tax is paid in the year that the revenue is created and is paid in instalments on due dates. Since it makes it […]
Retirement: the twilight years of your life. Whether your retirement will be peaceful or not, depends on the bank balance you have managed to accumulate through your working life.
The Savings Bank Account operates as a virtual piggy bank. You accrue interest, which then incurs taxation under the category of ‘Income from Other Sources.’ However, numerous individuals remain oblivious to this mandatory tax payment. Section 80TTA of the Income Tax Act from 1961 presents an opportunity – one can deduct up to Rs 10,000 on interest income earned specifically from a savings bank account. […]
Many people are amateurs in the whole gamut of calculating income tax, paying taxes, filing returns, tax saving, etc.
Income tax paid by citizens constitutes a major chunk of the government’s revenue. It is imperative to pay taxes for the smooth functioning of the economy. Often a tedious expense, taxation also has perks to it.
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