Budget 2017 is a mix of tax breaks and tax hits: Find out whether you benefit or lose

THE ECONOMIC TIMES Tue, Feb 07, 2017 | 06:33 AM IST ET Wealth Newsletter Co-sponsor Associate Sponsors

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Budget 2017 is a mix of tax breaks and tax hits: Find out whether you benefit or lose Changes in tax rules for home loans and the surcharge on incomes over Rs 50 lakh mean some taxpayers will pay a higher tax next year. Property as investment to lose edge due to capping of tax break proposed in Budget 2017 The Budget has given some relief on capital gains taxation on immovable property by lowering the holding period requirement for long-term capital gains. Post Budget 2017, get your tax affairs in order or face flak From assessment year 2018-19, a late fee of Rs 5,000 will be levied if I-T returns are not filed by December 31 of the relevant assessment year. From our Partners Why term insurance is a must have for parents Some common avenues that a parent invests in for accumulating wealth include PPF, MFs, shares, gold and real estate. From our Partners Car insurance versus life insurance: Why one is more important than the other Car insurance is compulsory but life insurance is more important. Pick the ELSS mutual fund that suits your risk profile: Here's how These funds are suited for wealth building over the long-term and patient investors can reap rewards from staying invested for a reasonable period of time. Budget 2017 proposes no new tax on equity gains: Stocks still the best way to get rich Despite the reduction in time frame for long term capital gain eligibility in real estate, equity remains the most tax-friendly investment instrument. Budget 2017: Where is the simpler tax code and bold strategy to stop tax evasion? The Budget has let us down by failing to fix the country's broken tax policy and strategy. More raids will not make evaders compliant. Should you worry whether the company you are invested in can face currency shocks? Currency volatility is inevitable and there have been instances of a sudden rupee depreciation in the range of 5-20% within just one or two quarters. From our Partners What factors to look at while choosing a suitable online term insurance plan? Go for an online term insurance plan that offers the widest range of benefits at an affordable price. From our Partners Why ULIPs are one of the best tax saving instruments Saving money aside, smart tax planning is an integral part of sensible financial planning. The average investor enjoys numerous tax-saving options like PFs and PPFs, life insurance plans, ELSS investments, ULIPs and more.

Financial Calculators Tax Impact Calculator This tax calculator will let you know how your tax liability changes post-Budget 2016. Just input your personal income details and know how much tax would now be payable. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

Best TV, smartphone, laptop within your budget ET Wealth recommends the future-proof devices like television, smartphone, laptop that are worth investing in, depending on your budget. Fake references ruining careers: TimesJobs study Fifty-nine per cent of HR managers say they develop an unfavorable opinion towards a candidate post a false reference check. Tata Equity P/E Fund: A worthy long term bet While the fund's value bias leads to intermittent underperformance, its healthy long-term track record makes it a worthy bet. Stock pick of the week: Why analysts are bullish on Somany Ceramics Despite Somany's recent outperformance, analysts see scope for further upside and are getting more bullish on this counter. Salaried Khanna can cut tax outgo by 90% by investing more in tax saving instruments He is young and ELSS (tax-saving) funds are the best tax saving option for him. He should invest Rs 60,000 in tax-saving mutual funds. Family Finances: Pune-based Chhabras need to cut debt, focus on goal-linked investing The couple has 3 loans—home, car, personal—worth Rs 30.9 lakh and they can get rid of the last 2 by using the surrender value of their traditional plan. How tax laws have changed over the years Did you know these tax facts? Now that Budget 2017 is behind us, here's a look at how some taxation rules have changed and evolved over the years. What is the difference between risk capacity and risk tolerance? Simply put, one is the amount of risk an individual might want to take, while the other is the amount of risk he can take. 5 smart things to know about balanced mutual funds Rebalancing happens without any tax implication to the investor who would have otherwise paid tax if he managed the asset allocation himself through different funds. How to close a demat account It involves visiting the DP office or branch by any of the demat account holders and submission of requisite form and documents. Startup Yellow Tie Hospitality helps entrepreneurs set up and run restaurants "As I built the brand, I realised that the restaurant business is not as glamorous as it looks from the outside," says Karan Tanna, Founder, Yellow Tie Hospitality. Alternative investment returns monitor: For week ending February 1, 2017 The scope and attractiveness of alternative investments is increasing. Here's a weekly tracker of returns from such investments.

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