Will you save more tax by opting for the old income tax regime?Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Tax Optimizer: How salaried Maniar can save tax via NPS investment, interest on study loanSudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax.
Tax Optimizer: How home loan, NPS can help salaried Thakur save taxTaxspanner estimates that Vikram Thakur can reduce his tax liability by almost Rs 73,000 if his pay structure is rejigged.
Salaried Vaz can cut tax outgo by investing in NPSSudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax.
Here's how your employer can help you save taxBy simply providing expert guidance and a tax friendly salary structure, a company can help its employee optimise his tax.
How 27-year-old Ashok Kumar can reduce his taxes by 60%Taxspanner estimates that he can bring down his tax by almost Rs 37,000 by tweaking his pay package and investing more under Sec 80C.
Self-employed? Here are some ways to claim your tax breaksYou not only have to keep records of all transactions and payments but take care that all the conditions laid by the I-T department are met...
Are you misusing forms 15G and 15H to avoid TDS?The repercussions of wrong filing is stiff. A false or wrong declaration in Form 15G attracts penalty under Section 277 of the Income Tax A...
Investment deadline passed you by? It's time to catch upThe Form 16 from your employer is only a TDS certificate. Even if some deduction is missing in it, you can claim it when filing your return...
Are you reporting all your interest income?You are allowed to report interest income either on cash or accrual basis—you can account for the income either when you receive it or when...
TDS on recurring deposits from June 1 force investors to close down deposits prematurelyThough it is fully taxable, the interest from recurring deposits is exempt from TDS. This only applies to interest from fixed deposits.
Why salaried taxpayers end up paying more tax than they shouldIf you had to make do with a box of chocolate, perhaps it was because of poor tax planning.
Income tax return: Top 5 reasons why you could be paying more taxAlthough the only certainties in life are death and taxes, have you ever wondered why some people end up paying more tax than their peers?
- Tax payers ignorance costs Rs 660 crore to government every year: TaxSpanner Report
More than 94% of employees in India do not report income from other sources leading to a loss of approx Rs 660 cr to exchequer annually.
- 56% of late income tax filers below 30 years of age
Almost 56% of income tax filers who delay their tax filing are below 30 years of age. Bangalore city leads in terms of late filers at 39% f...
- Few people recognise owning a house as good investment:Report
56% of employees own a house with an annual income of more than Rs 10 lakh and amongst those having an earning below Rs 10 lakh annually, o...
- TaxSpanner looks at ten-fold rise in customer base
TaxSpanner is aiming to increase its customer base ten times by next fiscal to 10 lakh on the back of its various service packages.