Income tax saving: Few days left before the bus leaves

THE ECONOMIC TIMES Fri, Mar 23, 2018 | 04:03 PM IST Tax-saving guide

Here's how to pick the right ELSS mutual fund to save tax You could get locked into an under-performing scheme for 3 years if you are not careful when selecting a tax saving MF scheme.

How to claim tax benefit for additional Rs 50,000 investment in NPS The Finance Act 2015 inserted a new sub-section (1B) under Section 80CCD of the Income Tax Act to encourage investment in NPS.... Invest in these tax-saving schemes by March 31 to keep your accounts active Here is a look at the minimum amount you need to invest in some schemes to keep them active and what happens if it is not done.... You can save over Rs 1 lakh in tax just via these 4 avenues The I-Tax Act, 1961 provides several avenues by way of deductions under different sections of the Act, to help one invest or make an expense to red... Tax saving options other than section 80C There are a large number of tax breaks apart from those under Section 80C. Check the list below to make sure you don't miss out on any of these.... Forgot to submit tax-saving proofs to your employer? You can still claim the benefit for these At times a taxpayer may forget to show the entire amount of the qualifying amount for deductions to the employer. There's still a way out.... 10 dos and don'ts to ensure your claim of HRA tax exemption against rent paid is not rejected There might be instances where an individual pays higher rent than what's mentioned on the rent agreement and difference is paid in cash.... Submitting fake bills to lower your tax liability? Tax department has ways to catch you While submitting proof for reimbursements make sure it is real and not fake as that would get you in serious trouble with the tax department.... Planning to invest LTCG in Sec 54EC bonds to save tax? Do it before 31 March You should invest in 54EC bonds before 31 March 2018 as bonds issued after this date will have to be held for a minimum of five years.... Check these 7 tax savers before you invest again It's always better to plan your tax saving investments in advance than make the wrong moves at the fag end of the financial year.... Senior Citizens Savings Scheme saves tax, beats bank FDs: Here's all you need to know about it Backed by the government, the scheme offers capital protection, along with quarterly interest payment as a source of income.... Don't buy term insurance just to save tax, make sure it is the right cover for you To save on tax or pay a low premium, don't just buy any term plan without reading the terms & conditions. Here are a few important things one shoul... Investments under section 80C to save tax Most people invest in life insurance policies, PPF, ELSS in order to avail this deduction, but there are other options too worth considering.... NSC vs 5-year bank FD: Which is a better tax-saving investment? NSC and tax-saving FDs have certain common features. However, there are certain differences between the two which, give an advantage to NSCs over t... Sukanya Samriddhi Yojana: Important watchouts before you invest The EEE status of the scheme may not be a good enough reason to invest in it. Read on to find out if you should put your money in the scheme or not... HRA Exemption Rules: How to save tax on House Rent Allowance The benefit is available only to a salaried individual who receives HRA as a part of his salary and is staying in a rented accommodation....

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more

FOLLOW US ON ET

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2018 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here