Uploads from Me

Saturday, January 18, 2020

A tax-saving guide to set you on the right track

THE ECONOMIC TIMES
Sat, Jan 18, 2020 | 12:00 PM IST

Tax-saving guide

To avoid paying excess TDS submit tax saving proofs to your employer on time To avoid paying excess TDS submit tax saving proofs to your employer on time
Staff need to submit proof to back-up their investment declarations. These are papers you need to gather.
Tax-saving for young earners simplified

Here's how you can save on tax without locking away your money in long-term investments and without putting a dent in your wallet.

Why you should choose your tax saving options wisely Why you should choose your tax saving options wisely
Some tax saving instruments may not be suitable for young professionals. Here's why.
Understanding how section 80C of the Income Tax Act works

Eligible payments include life insurance premium, principal repayment of the home loan and children's tuition.

Tax saving options under section 80C: Features explained Tax saving options under section 80C: Features explained
You can save tax if you understand how these tax saving options work.
Claiming HRA tax exemption in different rental situations

Here are 3 scenarios young earners are likely to face while claiming tax exemption on HRA and how they can deal with these.

Don't forget to claim your LTA tax exemption this year: Here is how Don't forget to claim your LTA tax exemption this year: Here is how
LTA exemption is available for 2 journeys in a block of 4 yrs. While the current block is 2018-21, one can carry it forward to the next block year.
7 lesser-known investments, expenditures eligible for tax breaks

Did you know you that can claim tax deduction on stamp duty? Here are other tricks that can help you cut tax.

How to invest in tax saving mutual fund schemes How to invest in tax saving mutual fund schemes
These schemes are equity-oriented schemes and are specifically designated as tax saving schemes known as equity linked savings schemes (ELSS).
Your parents, wife and children can help you save taxes. Here's how

Salaried individuals can save tax by paying rent to their parents and availing the HRA exemption benefit.

More Newsletters

Daily Newsletter

Special stories that round up the major developments of the day ET More Newsletter

ET Mutual Fund

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

ET Investment Opportunities

Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox ET More Newsletter

Wealth

Weekly news on personal finance, stocks, property, gold, tax planning and more ET More Newsletter
FOLLOW US ON ET
FacebookTwitterlinkedinYoutTube
About us|Advertise with us|Feedback|Sitemap|Code of Ethics
© 2020 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

No comments:

Post a Comment