Budget 2018 impact on your tax: Who saves and who pays more

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Budget 2018 impact on your tax: Who saves and who pays more Many taxpayers, especially high income earners and investors in stocks and mutual funds, have been sorely disappointed by the tax proposals in the Budget. New long term capital gains tax means you have to save more to meet financial goals Given that LTCG on equities is tax-free only up to Rs 1 lakh per financial year, investors need to pare down their return expectations. What is your tax liability post Budget? Finance Minister Arun Jaitley has proposed to hike cess on income tax from 3% to 4% in Budget 2018 thereby increasing the tax payable by all categories of taxpayers. Here's is a look at how your tax liability will be affected post budget. Three ways to reduce impact of new long term capital gains tax If you've been thinking that LTCG tax on equity will cost you just 10%, you are getting ahead of yourself. It may actually cost you much more. From our Partners Six smart things to know about bonus in insurance plans Not all life plans are eligible for bonus. Plans can either be participatory, thereby qualifying for bonus, or non-participatory, that do not qualify for bonus. From our Partners Checklist for buying a second hand car Buying a car can be a very intimidating experience for both men and women. Why equity MF SWPs may be more tax efficient option for regular income post new LTCG tax Over the past few years, many fund houses had been pushing the dividend option of equity-oriented balanced funds as a safe way of earning assured monthly income. Limited investment opportunities among PSU bank stocks While leading private sector banks will continue to do well, few PSU banks show promise. Investors may opt for select lenders with low net NPAs. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth -4.48 1.49 23.87 15.40 Mirae Asset India Opportunities Fund Direct- Growth -2.35 6.61 26.76 14.43 Invesco India Growth Fund Direct-Growth -1.46 9.06 30.12 13.59 Mirae Asset India Opportunities Fund Regular- Growth -2.41 6.23 25.85 13.55 Kotak Select Focus Fund Direct-Growth -2.46 3.79 21.60 13.40 FeaturedDSP BlackRock Strategic Bond Direct Plan-Growth ★★★★★ -0.79 -2.02 0.59 6.50 Start SIP Select mid-cap stocks offer hope despite the index remaining muted With valuations not matching underlying fundamentals, investors are again eyeing large-caps, where signs of earnings recovery are evident. 7 lucrative franchisee ideas and the investment you need for each The franchise segment is expected to grow 30% YoY. We tell you how much you need to invest if you want to be a part of this growing story.

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. 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

LTCG tax is a muddled plan that reduces incentive for risk taking, relies only on compliance: View It will complicate life for taxpayers, auditors and all others. Another instance of nothing gained, but a lot lost in terms of considered thought and action. New budget wireless audio products to buy A number of Chinese and Indian brands are now offering Bluetooth headphones and speakers at unbelievably low prices. Here is a review of a few recent launches. Budget 2018: Bouquet of benefits for senior citizens There were many announcements that will benefits senior citizens in Budget 2018. What are the financial risks during retirement? Underestimating the effects of inflation on expenses through the retirement period is one of the biggest challenges of retirement planning. Why you should not invest in equity, real estate when goal is near Increasing allocation to equity and other assets may expose the portfolio to more risk when you would be looking at booking gradual profits for read to use. Stock pick of the week: Why analysts are bullish on ICICI Prudential Life Insurance Improving margins, better product mix, focus on high-margin term and endowment plans, improving customer stickiness, fall in valuations has made it analysts pick. Tata India Tax Savings MF: Superior reward vs risk With a much superior risk-return profile compared to most peers, it can be a worthy pick, if it displays greater consistency in outperformance. Tax Optimizer: How Shetty can cut tax by Rs 70,000 by using home loan, NPS Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments. MF Portfolio Doctor: Uniyal can meet goals but needs to rejig portfolio The Portfolio Doctor will consider the performance of schemes, the risk profile of the investor as well as the financial goals of the individual. How to close your credit card It is important to pay off all outstanding dues on card. Any spends after the billing cycle should also be paid off in advance so that no dues are generated. Family Finance: Increasing equity exposure can help Chakrabortys meet goals After considering household expenses of Rs 44,833, insurance premium of Rs 15,846 loan EMI and investments, Chakrabortys are left with a surplus of Rs 13,943. Bengaluru-based ed-tech startup AEON Learning helps professionals acquire new skills This Bengaluru-based startup helps professionals pursue higher education and learn new skills. Every second Indian holidays once a year: Survey 90% first think of leave from work as the major factor they consider before travelling, finds ICICI Lombard's Tourism Survey. Alternative investment returns monitor: For the week ending Jan 31, 2018 Here's a weekly tracker of returns from such investments. But don't compare these with returns from traditional investments.

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