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Don't Panic! Save Big On Taxes, Mistakes To Avoid Before March 31, Check Last-Minute Tips

Start tax planning early in the financial year to have ample time to explore various tax-saving options. ....

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Tax planning: ELSS mutual fund investment deadline alert! Invest by March 28 for Section 80C tax benefit - here's why | India Business News

India Business News: If you're following the old tax system for the 2023-24 financial year, make sure you finish your tax-saving investments and expenses by March 31, 2024. While the general tax-saving investment window extends until March 31, this year's Sunday deadline requires prompt action by March 28, 2024 for ELSS mutual fund investors. Here's why this date is critical and how to ensure your investment qualifies. ....

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Tax saving: Five tips to get the best from your ELSS Mutual Fund

Your money in an ELSS is locked in for three years, even if you invest in excess of Rs 1.5 lakh. But mind the lock-in when you put your money through SIPs. Each SIP instalment gets locked in for three years. ....

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nri income tax in india: Income tax made easy: NRIs' complete guide to income tax filing

Srishti, an NRI, discovered INR 20,000 TDS on her NRO account. Does she need to pay tax in India? Is filing income tax return mandatory? Explore tax-saving instruments, tax-exempt proceeds, and financial compliance. ....

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Has the new income-tax regime killed tax-saving mutual funds? Not yet, but…

Budget 2023 made the new income tax regime the default regime. Since this regime doesn’t give Section 80C benefits, ELSS, or tax-saving mutual funds, have lost their tax-benefit edge. Aside from taxpayers who would still opt for the old tax regime, it remains to be seen if ELSS funds can sell themselves purely on performance. ....

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