tax planning
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.
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.
5 investment myths to avoid
Our Instincts play a big role in our investment decisions. Often, these instincts are based on our perceptions rather than on information available to us. Today, we have far greater access to information through print, television and internet media, yet our minds are trapped in age old investment myths.
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.
Tax Planning with Section 80C
Tax planning entails making investments and contributions that help minimize the tax liability. Traditionally, most of us invest only instruments that provide tax saving benefit as aversion for taxes ranks as one of the most universal emotions. But, does this fit well with our overall financial planning goals?
Income Tax deduction simplified
Some one had once said “the best things in life are free, but sooner or later the government will find a way to tax them”. Over the past few years, the Government has steadily whittled down tax exemptions available to the common man. Thankfully, there are some still available that allow deductions from our gross income.
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