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నేను మరో రెండేళ్లలో పదవీ విరమణ చేయబోతున్నాను. ఆ తర్వాత నెలకు కనీసం రూ.30,000 వరకూ వచ్చే ఏర్పాటు చేసుకోవాలని అనుకుంటున్నాను. దీనికోసం రిటైర్ అయ్యేనాటికి
Pros and cons of taking a joint home loan with a sibling SECTIONS Last Updated: Jun 07, 2021, 06:30 AM IST Share Synopsis As the name implies, a joint home loan is a loan that you take with another person, usually a spouse or a sibling. Chances of getting a home loan at attractive interest rates are much higher in a joint home loan compared to the regular one. Getty Images As per the income tax regulations, a joint home loan will allow both the co-borrowers to claim tax benefits under Section 80C. Priya has realised that buying a house isn’t easy in a metro like Delhi, where she has been ...
Individual taxpayers and Hindu Undivided Families can claim for deductions under this section that covers various investments
Synopsis Before you start looking for tax-saving investment options, do a small exercise to determine how much you have already committed towards it. Once you have done this exercise, you will know how much investments/expenditure you have already made to save tax in FY 2020-21. Getty Images With the deadline to complete the tax-saving exercise inching closer (March 31, 2021), many will be in the midst of choosing tax-saving investment options to reduce their tax liability. There are various deductions available under the Income-tax Act, 1961 that can help an individual reduce his/her tax li...
Updated Mar 10, 2021 | 09:59 IST As per Section 64 of the Income Tax Act, any income that accrues to your partner on the amount or assets gifted by you shall be added to an individual's income. However, clubbing is not applicable to PPF You can double your PPF income and save tax. Here's how | Photo Credit: BCCL New Delhi: Public Provident Fund (PPF) is among the popular debt investment instruments. Not only does it offer decent returns, but it also highly tax-efficient, coming in the 'EEE' category meaning investment or contribution of up to Rs 1.5 lakh i...