New income tax slabs: Will you gain by switching to new regime?

THE ECONOMIC TIMES Tue, Feb 11, 2020 | 08:34 AM IST ET Wealth Newsletter

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New income tax slabs: Will you gain by switching to new regime? The budget has proposed an alternate income tax structure. Find out whether you will benefit or not. Regardless of Budget changes, dividend plans of equity mutual funds were always a bad idea DDT or no DDT, no one should have invested any money in the dividend plans. Instead of complaining about tax, just redeem your investments from dividend plans and shift it to equivalent growth plans. Opting for new income tax regime? Don't stop investing in these financial products Keep in mind that foregoing the deductions under Section 80 must not make you abandon certain instruments. Is coronavirus a bio-weapon test gone awry? The outbreak points fingers at Chinese civil-military link in bio-engineering and medical field. PFC stares at tottering piles of bad debt An RTI reply has revealed that the Power Finance Corporation has claims worth INR65,000 crore pending in NCLT — much higher than what the power-sector lender has disclosed in its investor presentation. While the company says efforts under various debt-recovery and restructuring mechanisms are on, the falling health of India's power sector could play a spoiler. Niramai's breast-cancer solution needs scale Slow adoption and poor awareness about the benefits of cancer screening are the hurdles that the company has to overcome to achieve growth and get people to pay for it. From our Partners The bank that helps you build your career From our Partners Must Read - Incredible opportunities offered by J.P. Morgan to its employees Tax-exempt employer contribution to PF, NPS capped: Why high earners should opt for VPF, NPS Till now, individuals with high basic salary could have the employer contribute up to 22% of the basic towards PF and NPS (12% and 10% ) and up to Rs 1.5 lakh to a superannuation fund and avail tax exemption on the entire amount. DDT removed: What different mutual fund investors should do to maximise gains The dividend will become taxable in the hands of investors from April. Here's how it impacts investors. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 19.86 22.30 13.56 3.21 Invest Now Axis Bluechip Fund-Growth ★★★★★ 18.31 20.86 12.91 3.11 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 15.12 20.52 16.23 2.41 Invest Now Sundaram Select Focus Fund Regular-Growth ★★★★★ 13.95 16.47 10.67 0.62 HDFC Index Sensex Fund-Growth ★★★★★ 13.89 12.71 8.95 -1.54 Invest Now FeaturedICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan - Growth ★★★★★ 9.81 13.34 9.41 -0.93 Start SIP Why the government should keep taxes small and simple In reality, higher-income earners are able to use the services of qualified accountants to save taxes; can charge a variety of expenses and deductions; can create structures that help save taxes, and can effectively pay a lower income as taxes. How to predict financial markets using MS Excel To calculate the probability of returns, normal distribution appears appropriate as the asset returns can take both positive and negative values. However, contrary to returns, the asset prices have a lower zero bound.

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Financial Calculators Old or new tax slab regime? Use this calculator to find out 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. New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds.

Rs 4.45 lakh crore tax deductions claimed by individual taxpayers in AY 2018-19 Rs 4,45,150 crore was the total deduction availed of by individual assessees in AY 2018-19, while Rs 3,17,845 crore was the total tax paid by them. How to plan for a financial goal using mutual funds There are many distributor and aggregator portals that suggest specific investment plans to support a particular goal after basic information is keyed in. Investors can consider these options to make goal-based investments. Making changes to your investment portfolio during market volatility can hurt your goals Staying invested is a tough decision when money continues to lose value in a falling market. Realty hot spot series: An affordable residential locality in Mumbai Metropolitan Region This locality is close to the employment hubs of Dombivli, Bhiwandi, Ulhas Nagar, Ghansoli, Mahape, etc. Kalyan also has a good mix of social infrastructure including schools, hospitals, banks, cinema halls, and so on. How Sensex, gold, 10-year G-sec performed during week ending February 06, 2020 Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. 4 handy tips to get the most from your gadgets If you are using a Windows computer with a standard hard drive, sooner or later the computer will become sluggish. One way out is to tweak Windows to perform better with your existing hardware. Tax optimiser: NPS, health insurance can help Kohli save Rs 33,000 tax Not only should you ask your employer for the NPS benefit, but you should also invest in the scheme on your own. You can reduce your tax outgo significantly. Family Finance: Government employee Kumar should focus on main money goals for now The couple's goals include building an emergency corpus, buying a house, saving for their children's education and weddings, and for their own retirement. What are quant mutual funds? With increased data and development in machine learning and AI, quant funds can become groundbreaking in years to come. In India there are a few fund houses offering quant funds like Tata, Nippon and DSP. Stock pick of the week: Castrol is expected to give strong performance in few more quarters Volume growth and margin expansion is expected to continue for a few more quarters. Continuous launch of new products in the personal mobility space, demand revival from commercial vehicle and agriculture space are expected to help Castrol.

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