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News of Tax Planning
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Discuss how to save taxes by making the right investments

intelligent tax planning

Tax planning is needed when the time comes to file our income returns. Those who are wise and prefer safer side, opt for early tax planning thatis with the beginning of new financial year which is actually good habit to go with...but there are also some lazy boons who wake up on one fine day (which is nearly last date to declare their investment under sec 80c) and run around to find the option or ...
Read more : intelligent tax planning | Views : 6665 | Replies : 6


Saving Tax under section 80C

Under section 80C of Income Tax Act, a tax payer can invest a maximum of Rs. 1,00,000/- in the following tax saving instruments which will allow him to deduct the invested amount (max Rs. 1,00,000/-) from his taxable income:

  1. Equity Linked Saving Schemes (ELSS)
  2. Life Insurance
  3. Pension plans
  4. Infrastructure bonds
  5. National Savings Certificate
  6. Provident Fund
  7. Public Provident Fund
  8. Besides, repayment of principal part of home loan is ...
Read more : Saving Tax under section 80C | Views : 2706 | Replies : 4


 

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