Tax
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Do your Tax Planning early and relax
The new financial year has began. Few weeks back many of us were scrambling to make last minute tax saving investment. This year save yourself from making impulsive tax saving decisions, plan ahead and relax. Here is what you should do for your Tax Planning for FY 2010-2011.
Personal Money turns One!
Thank you readers, your favorite Personal Finance Blog, PersonalMoney.in completes one year!
Income Tax Impact Calculator – Budget 2010-11
Check how Union Budget 2010-11 has affected your personal income tax liabilities. Use this simple excel based Tax Impact Calculator updated and modified as per the proposed Direct Tax changes applicable for FY 2010-11 or assessment year 2011-12.
Beware of Tax Refund mails!
If you receive an e-mail with subjects like “Tax Refund” or “Seeking Refunds” from some unidentified sender claiming to be from Income Tax Department, beware, it is a phishing scam!
Demystifying LTA exemption
Claiming Leave Travel Assistance (LTA) benefit has always been a puzzle for many. Some of us even settle to pay additional tax instead of claiming the Income Tax benefit associated with LTA. Here is your primer to know all about LTA exemption.
Top 10 Mutual Fund (ELSS) schemes to save taxes
The main purpose of investing for most investors is tax saving. Equity linked saving schemes (ELSS) are those mutual fund schemes that help you save taxes as well as generate decent returns. But, how do you separate the wheat from the chaff? Here is a list of few ELSS schemes that you should consider for investing.
5 investments for last minute tax planning
Most of the offices today share a similar scene. Employees are worried, no, not because of economic slowdown, but because they need to give proofs of tax saving investments by a given date. After all, for most people tax is a four-letter word.
Wish you all a very Happy Diwali!
Diwali is the festival of wealth and prosperity. At Personal Money we try to help you become better money managers so that you can enhance your prosperity.
Income upto 10 Lacs, pay 10% tax!
Yes, you read it right! If the new Direct Tax Code Bill 2009 is passed by the Parliament in the winter session, paying 10% tax on income upto Rs.10 lacs, could be a reality very soon.
How to open and submit ITR V after e-filing your returns?
The Income Tax Department generates the acknowledgment form ITR V once you e-file your Income Tax Return. For increased security level to protect your financial information, this ITR V is password protected.
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