How reachable is zero-tax income level of Rs 5 lakh using deductions, exemptions?

THE ECONOMIC TIMES Tue, Feb 12, 2019 | 06:30 AM IST ET Wealth Newsletter

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How reachable is zero-tax income level of Rs 5 lakh using deductions, exemptions? For Rs 9.75L earners it will be difficult to claim deductions without drastic cuts in lifestyle. Your employer can help you reach zero-tax income level of Rs 5 lakh: Here's how Here are six benefits that can help the salaried bring down the taxable component of income from the employer. Have you done your tax-saving right? Calculating your tax liability correctly and using the tax breaks offered under Section 80C are few points to check during your tax-saving exercise. 5 things you must check before investing in a debt mutual fund After the IL&FS blowout last year, recent events related to Essel Group and DHFL have again raised the spectre of defaults, directly impacting debt MFs. Going, going, gone: cheap airfares Bled by low fares, Indian airlines had to raise them. And the new, higher fares are here to stay. Slack and the art of office chat Google. Microsoft. Facebook. This business has global tech giants locking horns with upstarts. But winning is a long haul. How NPPA became a paper tiger The powers of the National Pharmaceutical Pricing Authority (NPPA) have been severely eroded as the Modi government strives to project India as an investor-friendly destination. This could make life-saving drugs unaffordable. The US experience is worth keeping in mind. From our Partners Power of Micro-actions: Can small steps culminate to a big out-turn? Begin today, take these small steps and witness them reach a pinnacle. From our Partners Did you believe these myths on tax deductions? Schemes like health insurance, term plans, ULIPs allows tax payers to claim deductions Why your home loan EMIs won't come down immediately The 25 basis point repo rate cut by the central bank won't have an immediate impact on your home loan EMIs. Why investors underestimate risks when they are in control while investing Most people don't know enough to be dabbling in stocks. Yet they do so because they have a lot of information which makes them believe they are in control of the situation. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 1.79 -8.82 -0.68 23.12 JM Core 11 Fund-Growth 1.61 -9.52 -1.84 21.54 Axis Bluechip Fund Direct Plan-Growth 2.23 -3.81 12.45 19.24 Reliance Large Cap Fund Direct-Growth -3.14 -3.51 -0.88 18.38 Axis Bluechip Fund-Growth 2.10 -4.52 10.88 17.76 FeaturedSBI Small Cap Fund-Growth ★★★★★ -5.81 -15.03 -22.44 16.66 Start SIP Money & relationships: What you should do if your husband doesn't share financial details In the second part of the new series, ET Wealth talks about a wife's rights and the steps she can take if the spouse is reluctant to dispense money or information. These winner stocks haven't seen negative returns in almost a decade Given the internal and external risks to companies, it becomes imperative that investors evaluate the risk-return profiles of companies before investing in them.

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How to revive inactive PPF, recurring deposit, Sukanya Samridhhi accounts, insurance policies Sometimes, you can lose track of or control on some of your investments and they may end-up becoming inactive. Here's you can revive some of these dormant investments. You can do a lot to help your friend in debt by not doing any of this There is no virtue in being indebted but pointing it out won't solve the problem, here's what will. How to complain to digital payments ombudsman RBI has instituted a dedicated grievance redressal mechanism for digital payments-related disputes. 21 ombudsman offices have been set up for digital transactions across India. Smart things to know: The impact of taking loans or liabilities Liabilities taken to purchase an asset can be beneficial if the asset appreciates in value over time, as in the case of a home loan. Realty hot spot series: What makes this Mumbai locality attractive to home buyers Access to popular malls and employment hubs makes this Malad-Kandivali area in Mumbai attractive to buyers. 61% regret starting late in saving for child's education: HSBC Value of Education survey According to the survey, 60 percent took less expensive holidays and 49 percent worked extra hours or took second job to support child's education. How to make payment of TDS on sale of property PAN of the buyer and the seller is mandatory to make e-payment of TDS on sale of property. However, the TAN (Tax Deduction Account Number) is not required to make this payment. Stock pick of the week: Why analysts are betting on Indian Oil Corp Crude oil prices settling at lower levels has done away with the govt-imposed burden of Re 1 cut in the margin. DSP Tax Saver Fund: Healthy long-term track record ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. Family finance: Salaried Bhaskars need to wait for increase in income to meet goals Although an early start to planning their finances will help, Lucknow-based Bhaskars will have to wait for an income rise to meet all their financial goals. MF portfolio doctor: How Dhall can optimise investments to accomplish her financial goals Regular investing will help you reach your goals easily. However, before that, make sure you have set aside enough cash in the bank to meet all your emergency needs.

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