Page 3 - Tax Saving News Today

Tax saving via NPS investment: There are many income tax laws changes that have come into effect from April 1, 2023 for current FY 2023-24. However, NPS investment is one that can help you save tax in both the old and new tax regimes. However, it is important to know the tax rules to save income tax via NPS investment.

Strategic planning and savvy budgeting techniques can empower new parents to manage costs effectively without straining their finances

Similarly, collections from the Monthly Income Scheme rose to nearly Rs 20,000 crore, compared to Rs 5,000 crore for the full fiscal year of 2023-24, stated a senior Finance Ministry official

ICICI Bank tax-saving FD: ICICI Bank offers 7% interest on tax saving fixed deposit for general citizens and 7.50% for senior citizens. The minimum deposit limit for a Tax Saver FD is Rs 10,000 and the maximum is Rs 1,50,000.

If you are short on funds to make an investment in ELSS mutual funds for the current financial year, then this trick can help you save tax. Do note that this trick can work provided you have opted for the old tax regime for the current financial year. Read on how this trick works.

Starting January, millions of salaried employees across India make their investment and expense declarations to save on taxes.

The fund will use a tax-efficient structure that will see LTCG taxed at 20% with indexation

Success in ELSS investment is primarily a function of time rather than timing, Gagrani said, advising investors to opt for a systematic investment plan (SIPs) in ELSS to mitigate the impact of market timing on long-term returns.

Over 6 in 10 respondents rely on friends, family and their bank relationship manager as key sources of information for understanding how to make tax savings, reveals ICICI Lombard’s report on Emerging Trends in health insurance

Tax Saving FD comes with a lock-in period of five years from the date of account opening. This feature dissuades individuals from making premature withdrawals, ensuring they maintain their deposits for the minimum required period to avail tax benefits. - Newsx